Monday, 24 October 2011

STOCK MARKET TODAY 25TH OCTOBER 2011

 

NIFTY SPOT LEVEL: 25TH OCTOBER 2011
Tomorrow trading is expected between the strong levels of 5190-4985. If the market breaches the level of 5149 on the upper side then the next resistance level will be 5190. But if nifty breaches the support level of 5045 then it may go down till the level of 4985. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5045 to 5149.

SUPPORT LEVELS
Support 1: 5045
Support 2: 4985

RESISTANCE LEVELS
Resistance 1: 5149
Resistance 2: 5190

BANK NIFTY FUTURES: 25TH OCTOBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9412 to 10000. Bank nifty futures can go down till the level of 9412 once it breaks the level of 9537. 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 9537-9955.

SUPPORT LEVELS
Support 1: 9537
Support 2: 9412

RESISTANCE LEVELS 
Resistance 1: 9955
Resistance 2: 10000

STOCK MARKET REVIEW: 25TH OCTOBER 2011
CNX Midcap index was DOWN by.37% while BSE small cap index went DOWN BY -.05% and Midcap was DOWN by .04%.

Nifty Gainers
Today’s nifty top gainer were TATA MOTORS , which surged around 4.5 % ,ONGC which climbed  by 4.1%, and
L&T in row also surged around 3.7 %

Nifty Losers
Today’s nifty top losers were L&T with volume and fell about 3.1% and SBI fell almost 2 % ahead of the RBI policy.

BSE SENSEX ended at 16,939, up 153 points. After touching the day's high of 17,105 and a day's low of 16,898. And NSE NIFTY closed at 5,098, up 48 points.

STOCKS TO PICK: 25TH OCTOBER 2011
SELL UNITECH BELOW 210.35

FIRST TARGET 209
SECOND TARGET 207
STOP LOSS 214

BUY JET AIRWAYS ABOVE 236.

FIRST TARGET 238
SECOND TARGET 240
STOP LOSS 231

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