Wednesday, 9 November 2011

STOCK MARKET TODAY 11TH NOVEMBER 2011

NIFTY SPOT LEVEL: 11TH NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 5150-5300. If the market breaches the level of 5260 on the upper side then the next resistance level will be 5330. But if nifty breaches the support level of 5195 then it may go down till the level of 5140. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5200-5300.

SUPPORT LEVELS
Support 1: 5195
Support 2: 5140

RESISTANCE LEVELS
Resistance 1: 5260
Resistance 2: 5330

BANK NIFTY FUTURES: 11TH NOVEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9400 to 9800. Bank nifty futures can go down till the level of 9320 once it breaks the level of 9450. On the opposite side once breaking the level of 9730, it is expected to go upward till the level of 9860. Bank nifty will be trading between the narrow ranges of 9400-9650.

SUPPORT LEVELS
Support 1: 9450
Support 2: 9320

RESISTANCE LEVELS 
Resistance 1: 9730
Resistance 2: 9860

STOCK MARKET REVIEW: 11TH NOVEMBER 2011
CNX Midcap index was down about 1.59% while BSE small cap index lost at 1.06% and Midcap lost at 1.25% respectively.

Nifty Gainers
Today’s nifty top gainer were HUL with volume and changes 1,641,887,295.55and 3.2 % WIPRO with volume and changes 138,807,632.65and 1.9% TCS with volume and changes 937,742,289.75and 1.6%

Nifty Losers
Todays nifty top losers were SBI with volume and changes 4,815,896,039.35and [6.8] % BPCL with volume and changes 299,648,639.80and [5.6] % RANBAXY with volume and changes 221,224,853.00and [4.4] %

The BSE Sensex ended at 17362.10 down 207.43 points. It had earlier touched a day's high of 17658.34 and a day's low of 17331.23. The NSE Nifty closed at 5221.05.

STOCKS TO PICK: 11TH NOVEMBER 2011

SELL SBI AT CMP 1862.05

First Target 1845
Second Target 1830
Stop Loss 1885

BUY TATA STEEL ABOVE 455
First Target 463
Second Target 470
Stop Loss 444.

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