STOCK MARKET TODAY: 18TH NOVEMBER 2011

NIFTY SPOT LEVEL: 18^TH NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4880-5015. If the market breaches the level of 4965 on the upper side then the next resistance level will be 5015. But if nifty breaches the support level of 4905 then it may go down till the level of 4880. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4905-4965.

SUPPORT LEVELS

Support 1: 4905

Support 2: 4880

RESISTANCE LEVELS

Resistance 1: 4965

Resistance 2: 5015

BANK NIFTY FUTURES: 18^TH NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8700-9160. Bank nifty futures can go down till the level of 8700 once it breaks the level of 8820. On the opposite side once breaking the level of 9020, it is expected to go upward till the level of 9160. Bank nifty will be trading between the narrow ranges of 8820-9020.

SUPPORT LEVELS

Support 1: 8820

Support 2: 8700

RESISTANCE LEVELS 

Resistance 1: 9020

Resistance 2: 9160

STOCK MARKET REVIEW: 18^TH NOVEMBER 2011

CNX Midcap index was down about 1.58% while BSE small cap index lost at 1.15% and Midcap lost at 1.30% respectively.

Nifty Gainers

Today’s nifty top gainer were RELIANCE INFRA with volume and changes 582,247,012.60and 1.0 % HEROMOTOCORP with volume and changes 966,140,548.45and 0.7%

SUNPHARMA with volume and changes 334,512,320.45and 0.6%.

Nifty Losers

Todays nifty top losers were

JP ASSOCIATES with volume and changes 1,165,299,703.35and [6.4] % RPOWER with volume and changes 279,107,001.10and [4.6] % RELIANCE with volume and changes 2,577,310,792.25and [4.5] %.

The BSE Sensex ended at 16461.71 down 314.60 points. It had earlier touched a day's high of 16807.16 and a day's low of 16408.50. The NSE Nifty closed at 4934.75.

STOCKS TO PICK: 18^TH NOVEMBER 2011

SELL SUN PHARMA AT 485

First Target 480

Second Target 474

Stop Loss 495

SELL M&M BELOW 752

First Target 745

Second Target 735

Stop Loss 762.

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