Tuesday, 22 November 2011

STOCK MARKET TODAY: 23RD NOVEMBER 2011


NIFTY SPOT LEVEL: 23RD NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 4695-4905. If the market breaches the level of 4850 on the upper side then the next resistance level will be 4905. But if nifty breaches the support level of 4760 then it may go down till the level of 4695. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4760-4850

SUPPORT LEVELS
Support 1: 4760
Support 2: 4695

RESISTANCE LEVELS
Resistance 1: 4850
Resistance 2: 4905

BANK NIFTY FUTURES: 23RD NOVEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8300-8860. 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 8700, it is expected to go upward till the level of 8860. Bank nifty will be trading between the narrow ranges of 8470-8700.

SUPPORT LEVELS
Support 1: 8470
Support 2: 8300

RESISTANCE LEVELS 
Resistance 1: 8700
Resistance 2: 8860

STOCK MARKET REVIEW: 22ND NOVEMBER 2011

CNX Midcap index was UP about 0.57% while BSE small cap index GAINED at 0.03% and Midcap GAINED at 0.34% respectively.

Nifty Gainers
Today’s nifty top gainer were TATAMOTORS with volume and changes 2,209,213,587.95and 6.7 %.

JP ASSOCIATES with volume and changes 871,774,674.70and 4.3%.

BPCL with volume and changes 255,537,693.15 and 3.3%

Nifty Losers
Todays nifty top losers were SIEMENS with volume and changes 699,157,878.75and [3.0] %.

AIRTEL with volume and changes 3,647,923,267.20and [2.5] %.

TATAPOWER with volume and changes 218,509,746.45and [2.2] %.

The BSE Sensex ended at 16065.42 UP 119.32 points. It had earlier touched a day's high of 16212.95 and a day's low of 15970.11. The NSE Nifty closed at 4812.35.

STOCKS TO PICK: 23RD NOVEMBER 2011

BUY TATAMOTORS AT 175

First Target 178
Second Target 181
Stop Loss 171

SELL M&M BELOW 702
First Target 694
Second Target 688
Stop Loss 712.

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