Wednesday, 2 November 2011

STOCK MARKET TODAY : 3RD NOVEMBER 2011


NIFTY SPOT LEVEL: 3rd NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 5150-5300. If the market breaches the level of 5300 on the upper side then the next resistance level will be 5335. But if nifty breaches the support level of 5220 then it may go down till the level of 5175. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5200-5300.

SUPPORT LEVELS
Support 1: 5220
Supoort 2: 5170

RESISTANCE LEVELS
Resistance 1: 5300
Resistance 2: 5335

BANK NIFTY FUTURES: 3rd NOVEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9700 to 10000. Bank nifty futures can go down till the level of 9600 once it breaks the level of 9710. On the opposite side once breaking the level of 9970, it is expected to go upward till the level of 10140. Bank nifty will be trading between the narrow ranges of 9700-10000.

SUPPORT LEVELS
Support 1: 9710
Support 2: 9600

RESISTANCE LEVELS 
Resistance 1: 9970
Resistance 2: 10140

STOCK MARKET REVIEW: 3rd NOVEMBER 2011
CNX Midcap index was up about 0.20% while BSE small cap index lost at 0.06% and Midcap gained at 0.02% respectively.

Nifty Gainers
Today’s nifty top gainer were RCOM with volume and changes 404,260,930.45and 5.5 % RPOWER with volume and changes 219,431,774.05and 4.0% RINFRA with volume and changes 598,288,823.25and 2.2 %

Nifty Losers
Todays nifty top losers were PNB with volume and changes 2,417,088,623.15and [3.4] % AIRTEL with volume and changes 646,422,543.95and [2.6] %
HEROMOTOCORP with volume and changes 646,422,543.95and [2.2] %

The BSE Sensex ended at 17464.85 down 15.98 points. It had earlier touched a day's high of 17619.52 and a day's low of 17337.65. The NSE Nifty closed at 5258.45.

STOCKS TO PICK: 3rd NOVEMBER 2011

BUY JUBILANT FOOD ABOVE 848

First Target 855
Second Target 862
Stop Loss 870

BUY TVS MOTORS ABOVE 68

First Target 69.5
Second Target 71.5
Stop Loss 74

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