Saturday, 12 November 2011

STOCK MARKET TODAY : 14th NOVEMBER 2011


NIFTY SPOT LEVEL: 14TH 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: 14TH 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: 14TH 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: 14TH 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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