STOCK MARKET TODAY : 14th NOVEMBER 2011

NIFTY SPOT LEVEL: 14^TH NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 5120-5200. If the market breaches the level of 5200 on the upper side then the next resistance level will be 5250. But if nifty breaches the support level of 5120 then it may go down till the level of 5075. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5075-5250.

SUPPORT LEVELS

Support 1: 5120

Support 2: 5075

RESISTANCE LEVELS

Resistance 1: 5200

Resistance 2: 5250

BANK NIFTY FUTURES: 14^TH NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9000 to 9600. Bank nifty futures can go down till the level of 9000 once it breaks the level of 9165. On the opposite side once breaking the level of 9450, it is expected to go upward till the level of 9600. Bank nifty will be trading between the narrow ranges of 9165-9450.

SUPPORT LEVELS

Support 1: 9165

Support 2: 9000

RESISTANCE LEVELS 

Resistance 1: 9450

Resistance 2: 9600

STOCK MARKET REVIEW: 14^TH NOVEMBER 2011

CNX Midcap index was down about 1.29% while BSE small cap index lost at 1.57% and Midcap lost at 1.13% respectively.

Nifty Gainers

Today’s nifty top gainer were M&M with volume and changes 780,776,583.20and 3.5 % SUNPHARMA with volume and changes 292,666,240.55and 2.8% RELIANCE with volume and changes 2,340,127,579.65and 2.4%.

Nifty Losers

Todays nifty top losers were AXIS BANK with volume and changes 2,035,019,885.50and [5.0] % ICICI with volume and changes 4,843,737,768.95and [4.8] % HINDALCO with volume and changes 811,507,589.30and [4.3] %.

The BSE Sensex ended at 17192.82 down 169.28 points. It had earlier touched a day's high of 17279.23 and a day's low of 17096.84. The NSE Nifty closed at 5168.25.

STOCKS TO PICK: 14^TH NOVEMBER 2011

SELL M&M AT CMP 849

First Target 858

Second Target 870

Stop Loss 840

BUY BHEL ABOVE 329

First Target 334

Second Target 339

Stop Loss 322.

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