STOCK MARKET TODAY : 5TH OCTOBER 2011

NIFTY SPOT LEVEL: 5TH OCTOBER 2011

Tomorrow trading is expected between the strong levels of 4680 to 4875. If the market breaches the level of 4825 on the upper side then the next resistance level will be 4875. But if nifty breaches the support level of 4725 then it may go down till the level of 4680. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4725 to 4825.

SUPPORT LEVELS

S1: 4725

S2: 4680

RESISTANCE LEVELS

R1: 4825

R2: 4875

BANK NIFTY FUTURES: 5TH OCTOBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8600 to 9170. Bank nifty futures can go down till the level of 8600 once it breaks the level of 8725. On the opposite side once breaking the level of 9055, it is expected to go upward till the level of 9170. Bank nifty will be trading between the narrow ranges of 8725 to 9055.

SUPPORT LEVELS

S1: 8725 

S2: 8600

RESISTANCE LEVELS 

S1: 9055

S2: 9170

STOCK MARKET REVIEW: 5TH OCTOBER 2011

CNX Midcap index was down about 1.21% while BSE small cap and Midcap indexes are also lost at 1.09% and 1.28% respectively.

Nifty Gainers

Today’s nifty top gainer were TCS opened at 1,038.40, made a high of 1,059.00, Day low  was 1,029.10, with changes 0.46%, RPOWER  opened at 78.05, made a high of 80.85 and Day low was 76.80 with changes 0.58%, RELIANCE CAPITAL opened at 319.90, made a high of 328.00 and Day low was 315.15, with changes 0.62%

Nifty Losers

Today’s nifty top Losers were HDFC opened at 629.35, made a high of 634.75, Day low  was 617.50, with changes 2.43%, AXIS BANK opened at 984.40, made a high of 996.40 and Day low was 951.00 with changes 2.57%, BHARTI AIRTEL opened at 378.50, made a high of 383.10 and Day low was 365.35, with changes 2.72%

The BSE Sensex ended at 15867.31 down 284.14 points. It had earlier touched a day's high of 16202.38 and a day's low of 15745.43. The NSE Nifty closed at 4772.15.

STOCKS TO WATCH : 5TH OCTOBER 2011

COAL INDIA

COAL INDIA closed trading at 318.90. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-322.50

R2- 326.50

Support levels

S1- 315

S2- 312.50

SBI

SBI closed trading at 1787.20. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-1795

R2- 1812

Support levels

S1- 1770  

S2- 1750