STOCK MARKET TODAY: 23RD NOVEMBER 2011

NIFTY SPOT LEVEL: 23^RD 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: 23^RD 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: 22^ND 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: 23^RD 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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