Tuesday, 25 October 2011

STOCK MARKET TODAY 26TH OCTOBER 2011


NIFTY SPOT LEVEL: 26TH OCTOBER 2011
Tomorrow trading is expected between the strong levels of 5250-5090. If the market breaches the level of 5230 on the upper side then the next resistance level will be 5275. But if nifty breaches the support level of 5150 then it may go down till the level of 5090. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5150 to 5230.

SUPPORT LEVELS
SUPPORT 1: 5150
SUPPORT 2: 5090

RESISTANCE LEVELS
RESISTANCE 1: 5230
RESISTANCE 2: 5275

BANK NIFTY FUTURES: 26TH OCTOBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9250 to 9810. Bank nifty futures can go down till the level of 9250 once it breaks the level of 9400. On the opposite side once breaking the level of 9690, it is expected to go upward till the level of 9810. Bank nifty will be trading between the narrow ranges of 9400-9690.

SUPPORT LEVELS
SUPPORT 1: 9400
SUPPORT 2: 9250

RESISTANCE LEVELS 
RESISTANCE 1: 9690
RESISTANCE 2: 9810

STOCK MARKET REVIEW: 26TH OCTOBER 2011
CNX Midcap index was UP by.40% while BSE small cap index went DOWN BY -.07% and Midcap was DOWN by .40%.

Nifty Gainers
Today’s nifty top gainer were M&M , which surged around 5.4 %, KOTAK BANK which climbed  by 5.3%, and IDFC in row also surged around 4.6 %

Nifty Losers
Today’s nifty top losers were AXIS with volume and fell about 4.3% and PNB fell almost 4.2 % and SBI fell around 2.6% after the rate hike by the RBI policy.

BSE SENSEX ended at 17,254, up 315 points. It had earlier touched a day's high of 17,322 and a day's low of 16,900.NSE NIFTY closed at 5,192, up 93 points.


STOCKS TO PICK: 26TH OCTOBER 2011

BUY SHOPPERS STOP ABOVE 354.35

FIRST TARGET 357
SECOND TARGET 361
STOP LOSS 348

BUY JSW STEEL ABOVE 603.

FIRST TARGET 605
SECOND TARGET 608
STOP LOSS 596


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