Monday, 21 November 2011

STOCK MARKET TODAY: 22ND NOVEMBER 2011

NIFTY SPOT LEVEL: 22ND NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 4695-4840. If the market breaches the level of 4805 on the upper side then the next resistance level will be 4840. But if nifty breaches the support level of 4740 then it may go down till the level of 4695. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4740-4805.

SUPPORT LEVELS
Support 1: 4740
Support 2: 4695

RESISTANCE LEVELS
Resistance 1: 4805
Resistance 2: 4840

BANK NIFTY FUTURES: 22ND NOVEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8470-8660. Bank nifty futures can go down till the level of 8300 once it breaks the level of 8470. On the opposite side once breaking the level of 8660, it is expected to go upward till the level of 8820. Bank nifty will be trading between the narrow ranges of 8470-8660.

SUPPORT LEVELS
Support 1: 8470
Support 2: 8300

RESISTANCE LEVELS 
Resistance 1: 8660
Resistance 2: 8820

STOCK MARKET REVIEW: 21ST NOVEMBER 2011

CNX Midcap index was down about 1.60% while BSE small cap index lost at 1.72% and Midcap lost at 1.95% respectively.

Nifty Gainers
Today’s nifty top gainer were MARUTI with volume and changes 1,517,911,951.95and 0.3 %. HUL with volume and changes 1,337,508,399.25and 0.1%.

Nifty Losers
Todays nifty top losers were SESA GOA with volume and changes 699,157,878.75and [6.7] %. SAIL with volume and changes 543,139,628.85and [5.3] %.
CAIRN INDIA with volume and changes 533,435,493.40and [4.3] %.

The BSE Sensex ended at 15946.10 down 425.41 points. It had earlier touched a day's high of 16297.03 and a day's low of 15900.30. The NSE Nifty closed at 4778.35

STOCKS TO PICK: 22ND NOVEMBER 2011

BUY MARUTI AT 955

First Target 965
Second Target 980
Stop Loss 940

SELL SBI BELOW 1650
First Target 1635
Second Target 1620
Stop Loss 1680.

Get free Stock Market Trading Tips,  Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares To pick, Stock To Watch.
FREE SUBSCRIPTION

0 comments:

 
Real Time Analytics