STOCK MARKET TODAY: 4TH OCTOBER 2011

NIFTY SPOT LEVEL: 4TH OCTOBER 2011

Tomorrow trading is expected between the strong levels of 4760 to4945. If the market breaches the level of 4900 on the upper side then the next resistance level will be 4945. But if nifty breaches the support level of 4815 then it may go down till the level of 4760. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4815 to 4900.

SUPPORT LEVELS

S1: 4815

S2: 4760

RESISTANCE LEVELS

R1: 4900

R2: 4945

BANK NIFTY FUTURES: 4TH OCTOBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8950 to 9400. Bank nifty futures can go down till the level of 8950 once it breaks the level of 9090. On the opposite side once breaking the level of 9295, it is expected to go upward till the level of 9400. Bank nifty will be tradingbetween the narrow ranges of 9090 to 9295.

SUPPORT LEVELS

S1: 9090 

S2: 8950

RESISTANCE LEVELS 

S1: 9295

S2: 9400

STOCK MARKET REVIEW: 4TH OCTOBER 2011

CNX Midcap index was down about 1.87% while BSE small cap and Midcap indexes are also lost at 1.48% and 1.90 % respectively.

Nifty Gainers

Today’s nifty top gainer were M&M opened at 800.00, made a high of 818.35, Day low  was 796.15, with changes 0.81%, HERO MOTOCO opened at 1,933.95, made a high of 1,966.90 and Day low was 1,904.35 with changes 1.02%, BHARTI AIRTEL opened at 375.35, made a high of 384.35 and Day low was 365.35, with changes 1.03%

Nifty Losers

Losers were WIPRO opened at 335.00, made a high of and low of 336.75 and Day low was 323.60 with changes 3.17%. AXIS BANKopened at 1,003.00 made a high of 1,005.00 and Day Low was 980.00 with changes 3.00%, RPOWER opened at 112.00 made high of 112.15, Day low 108.10 was with changes -3.96%

The BSE Sensex ended at 16151.45 down 302.31 points. It had earlier touched a day's high of 16255.90 and a day's low of 16056. The NSE Nifty closed at 4849.50..

STOCKS TO WATCH : 4TH OCTOBER 2011

LOVABLE LINGERIE

LOVABLE LINGERIE closed trading at 430.15. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-442.20

R2- 449.50

Support levels

S1- 421.50

S2- 412

PG ELECTROPLAST

PG ELECTROPLAST closed trading at 252. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-261.50

R2- 269

Support levels

S1- 243

S2- 234