Wednesday, 30 November 2011

STOCK MARKET TODAY: 1ST DECEMBER 2011

NIFTY SPOT LEVEL: 1ST DECEMBER 2011
Tomorrow trading is expected between the strong levels of 4765-4915. If the market breaches the level of 4875 on the upper side then the next resistance level will be 4915. But if nifty breaches the support level of 4825 then it may go down till the level of 4765. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4825-4875.

SUPPORT LEVELS
Support 1: 4825
Support 2: 4765

RESISTANCE LEVELS
Resistance 1: 4875
Resistance 2: 4915

BANK NIFTY FUTURES: 1ST DECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8350-8880. Bank nifty futures can go down till the level of 8350 once it breaks the level of 8470. On the opposite side once breaking the level of 8720, it is expected to go upward till the level of 8880. Bank nifty will be trading between the narrow ranges of 8470-8720 .

SUPPORT LEVELS
Support 1: 8470
Support 2: 8330

RESISTANCE LEVELS 
Resistance 1: 8720
Resistance 2: 8880

STOCK MARKET REVIEW: 1ST DECEMBER 2011

CNX Midcap index was down about 0.20% while BSE small cap index lost at 0.73% and Midcap lost at 0.66% respectively.

Nifty Gainers
Today’s nifty top gainer were POWERGRID with volume and changes 291,137,770.45and 4.1 %.

AIRTEL with volume and changes 2,588,953,476.15and 3.3%.

SUN PHARMA with volume and changes 279,692,814.85and 3.2%.

Nifty Losers
Todays nifty top losers were SAIL with volume and changes 857,460,448.45and [4.3] %.

RANBAXY with volume and changes 447,413,809.45and [3.9] %.

STERLITE with volume and changes 491,562,820.50and [3.0] %.

The BSE Sensex ended at 16123.46 up 115.12 points. It had earlier touched a day's high of 16179.56 and a day's low of 15849.57. The NSE Nifty closed at 4832.05.

STOCKS TO PICK: 1ST DECEMBER 2011

BUY PANTALOON AT 198
First Target 202
Second Target 206
Stop Loss 194

SELL M&M BELOW 715
First Target 708
Second Target 700
Stop Loss 725

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