Saturday, 19 November 2011

STOCK MARKET TODAY: 21TH NOVEMBER 2011


NIFTY SPOT LEVEL: 21st NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 4845-5015. 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 4880 then it may go down till the level of 4845. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4880-4965.

SUPPORT LEVELS
Support 1: 4880
Support 2: 4845

RESISTANCE LEVELS
Resistance 1: 4965
Resistance 2: 5015

BANK NIFTY FUTURES: 21st 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: 18th NOVEMBER 2011
CNX Midcap index was down about 0.77% while BSE small cap index lost at 1.90% and Midcap lost at 1.03% respectively.

Nifty Gainers
Today’s nifty top gainer were SAIL with volume and changes 543,139,628.85and 4.3 % HEROMOTOCORP with volume and changes 1,882,771,417.90and 3.5%
BPCL with volume and changes 481,991,020.45and 2.0%

Nifty Losers
Todays nifty top losers were SESA GOA with volume and changes 699,157,878.75and [4.6] % BHEL with volume and changes 3,319,084,714.90and [3.5] %.
ITC with volume and changes 1,627,598,728.55and [2.9] %.

The BSE Sensex ended at 16371.51 down 90.20 points. It had earlier touched a day's high of 16396.69 and a day's low of 16164.91. The NSE Nifty closed at 4905.80.

STOCKS TO PICK: 21st NOVEMBER 2011

BUY CHAMBAL FERTILIZERS AT 88.20

First Target 89.50
Second Target 91
Stop Loss 86.20

SELL ADANI ENT BELOW 330
First Target 326.50
Second Target 322
Stop Loss 336.

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