Monday, 28 November 2011

STOCK MARKET TODAY: 29TH NOVEMBER 2011


NIFTY SPOT LEVEL: 29th NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 4780-4925. If the market breaches the level of 4880 on the upper side then the next resistance level will be 4925. But if nifty breaches the support level of 4780 then it may go down till the level of 4730. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4780-4880.

SUPPORT LEVELS
Support 1: 4780
Support2: 4730

RESISTANCE LEVELS
Resistance 1: 4880
Resistance 2: 4925

BANK NIFTY FUTURES: 29th NOVEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8720-8990. Bank nifty futures can go down till the level of 8550 once it breaks the level of 8720. On the opposite side once breaking the level of 8990, it is expected to go upward till the level of 9190. Bank nifty will be trading between the narrow ranges of 8720-8990.

SUPPORT LEVELS
Supoort 1: 8720
Support 2: 8550

RESISTANCE LEVELS 
Resistance 1: 8990
Resistance 2: 9190

STOCK MARKET REVIEW: 28th  NOVEMBER 2011

CNX Midcap index was UP about 1.76% while BSE small cap index GAINED at 1.72% and Midcap GAINED at 1.50% respectively.

Nifty Gainers
Today’s nifty top gainer were HINDALCO with volume and changes 911,336,393.35and 9.6 %.

IDFC with volume and changes 679,227,650.90and 6.6%.

ACC with volume and changes 266,666,846.30and 6.5%.


Nifty Losers
Todays nifty top losers were MARUTI with volume and changes 636,709,269.80and [3.9] %.

BAJAJ with volume and changes 1,173,517,161.30and [1.3] %.

HEROMOTOCORP with volume and changes 1,598,511,384.75and [0.1] %.

The BSE Sensex ended at 16167.13 up 471.70 points. It had earlier touched a day's high of 16186.68 and a day's low of 15888.28. The NSE Nifty closed at 4851.30.

STOCKS TO PICK: 28TH NOVEMBER 2011

BUY EDUCOMP AT 217

First Target 220
Second Target 223
Stop Loss 213

BUY FINANCIAL TECH ABOVE 656
First Target 662
Second Target 668
Stop Loss 648

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