Tomorrow trading is expected between the strong levels of 4970-5200. If the market breaches the level of 5140 on the upper side then the next resistance level will be 5200. But if nifty breaches the support level of 5035 then it may go down till the level of 4970. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5035-5140.
SUPPORT LEVELS
Support 1: 5035
Support 2: 4970
RESISTANCE LEVELS
Resistance 1: 5140
Resistance 2: 5200
BANK NIFTY FUTURES: 16TH NOVEMBER 2011
SUPPORT LEVELS
Support 1: 9000
Support 2: 8920
RESISTANCE LEVELS
Resistance 1: 9160
Resistance 2: 9250
STOCK MARKET REVIEW: 16TH NOVEMBER 2011
CNX Midcap index was down about 2.58% while BSE small cap index lost at 2.77% and Midcap lost at 2.58% respectively.
Nifty Gainers
HDFC BANK with volume and changes 1,453,835,560.20and 0.2%.
Nifty Losers
RCOM with volume and changes 554,609,464.45and [5.4] %
The BSE Sensex ended at 16882.67 down 237.06 points. It had earlier touched a day's high of 17172.29 and a day's low of 16837.05. The NSE Nifty closed at 5068.50.
STOCKS TO PICK: 16TH NOVEMBER 2011
SELL M&M AT CMP 759.25
First Target 750
Second Target 740
Stop Loss 775
BUY PRAKASH CONSTROWELL ABOVE 280
First Target 287
Second Target 294
Stop Loss 265.
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