NIFTY SPOT LEVEL: 21TH OCTOBER 2011
Tomorrow trading is expected between the strong levels of 5000-5150. If the market breaches the level of 5120 on the upper side then the next resistance level will be 5165. But if nifty breaches the support level of 5055 then it may go down till the level of 5015. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5050 to 5150.
Tomorrow trading is expected between the strong levels of 5000-5150. If the market breaches the level of 5120 on the upper side then the next resistance level will be 5165. But if nifty breaches the support level of 5055 then it may go down till the level of 5015. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5050 to 5150.
SUPPORT LEVELS
Support 1: 5055
Support 2: 5015
RESISTANCE LEVELS
Resistance 1: 5120
Resistance 2: 5165
BANK NIFTY FUTURES: 21TH OCTOBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9500 to 10000. Bank nifty futures can go down till the level of 9690 once it breaks the level of 9750. On the opposite side once breaking the level of 9955, it is expected to go upward till the level of 10000. Bank nifty will be trading between the narrow ranges of 9800-10000.
SUPPORT LEVELS
Support 1: 9660
Support 2: 9560
RESISTANCE LEVELS
Resistance 1: 9900
Resistance 2: 10035
STOCK MARKET REVIEW: 21TH OCTOBER 2011
CNX Midcap index was down about 1.11% while BSE small cap index lost at 0.69% and Midcap lost at 0.48% respectively.
Nifty Gainers
Today’s nifty top gainer were TATA STEEL with volume and changes 1,028,603,328.65and 1.8 % JINDAL STEEL with volume and changes 1,169,880,771.00.50and 1.5% BHARTI AIRTEL with volume and changes 1,478,299,329.25and 1.4 %
Todays nifty top losers were HDFC with volume and changes 2,008,533,066.85and [4.3] % IDFC with volume and changes 669,559,907.20and [3.7] %
The BSE Sensex ended at 16941.24 down 148.45. It had earlier touched a day's high of 16962.06 and a day's low of 16744.99. The NSE Nifty closed at 5091.90.
STOCKS TO PICK: 21TH OCTOBER 2011
BUY ARVIND ABOVE 109.20
BUY ARVIND ABOVE 109.20
First Target 110
Second Target 111.50
Stop Loss 113.50
BUY JSW STEEL ABOVE 587.
First Target 591.60
Second Target 596.20
Stop Loss 602.20
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