STOCK MARKET TODAY: 7TH OCTOBER 2011

NIFTY SPOT LEVEL: 7TH OCTOBER 2011

Tomorrow trading is expected between the strong levels of 4670 to 4830. If the market breaches the level of 4785 on the upper side then the next resistance level will be 4830. But if nifty breaches the support level of 4715 then it may go down till the level of 4670. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4715 to 4785.

SUPPORT LEVELS

S1: 4715

S2: 4670

RESISTANCE LEVELS

R1: 4785

R2: 4830

BANK NIFTY FUTURES: 4TH OCTOBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8410 to 8960. Bank nifty futures can go down till the level of 8410 once it breaks the level of 8540. On the opposite side once breaking the level of 8825, it is expected to go upward till the level of 8960. Bank nifty will be trading between the narrow ranges of 8540 to 8825.

SUPPORT LEVELS

S1: 8540

S2: 8410

RESISTANCE LEVELS 

S1: 8825

S2: 8960

STOCK MARKET REVIEW: 7TH OCTOBER 2011

CNX Midcap index was down about 0.78% while BSE small cap and Midcap indexes are also lost at 0.90% and 0.97% respectively.

Nifty Gainers

Today’s nifty top gainer were ITC opened at 192.10, made a high of 197.40, Day low  was 192.10, with changes 1.72%, CIPLA  opened at 282.00, made a high of 283.65 and Day low was 278.10 with changes 1.18%, RCOM  opened at 71.80, made a high of 73.95 and Day low was 71.80, with changes 1.89%

Nifty Losers

Today’s nifty top Losers were WIPRO opened at 336.05, made a high of 341.85, Day low  was 326.00, with changes 1.83%, MARUTI opened at 1,117.00, made a high of 1,129.00 and Day low was 1,077.00 with changes 1.70%, HDFC BANK  opened at 448.95, made a high of 456.25 and Day low was 436.55 , with changes 2.54%

The BSE Sensex ended at 15792.41 down 72.45 points. It had earlier touched a day's high of 16044.91 and a day's low of 15760.53. The NSE Nifty closed at 4751.30

STOCKS TO WATCH : 7TH OCTOBER 2011

GRAVITA

GRAVITA closed trading at 361.10. Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels

R1-365 

R2- 371

Support levels

S1- 357

S2- 353.50

SUN T.V.

SUN TV Closed trading at 231.30. Expected resistance and support levels for the scrip for the next trading session are

Resistance levels

R1- 234 

R2- 238.50

Support levels    

S1- 228 

S2—225

STOCKS TO PICK : 4TH OCTOBER 2011

BUY PRAKASH CONSTROWELL ABOVE 200

First Target 204

Second Target 209 

Stop Loss 195

SELL SBI BELOW 1700

First Target 1690

Second Target 1678 

Stop Loss 1715