STOCK MARKET TODAY: 30TH NOVEMBER 2011

NIFTY SPOT LEVEL: 30^th NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4730-4915. If the market breaches the level of 4875 on the upper side then the next resistance level will be 4915. 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 4780-4875.

SUPPORT LEVELS

Support 1: 4780

Support 2: 4730

RESISTANCE LEVELS

Resistance 1: 4875

Resistance 2: 4915

BANK NIFTY FUTURES: 30^th NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8320-8880. Bank nifty futures can go down till the level of 8350 once it breaks the level of 8530. On the opposite side once breaking the level of 8720, it is expected to go upward till the level of 8880. Bank nifty will be trading between the narrow ranges of 8530-8720 .

SUPPORT LEVELS

Support 1: 8530

Support 2: 8330

RESISTANCE LEVELS 

Resistance 1: 8720

Resistance 2: 8880

STOCK MARKET REVIEW: 29^th NOVEMBER 2011

CNX Midcap index was down about 0.88% while BSE small cap index lost at 0.18% and Midcap lost at 0.58% respectively.

Nifty Gainers

Today’s nifty top gainer were DR REDDY with volume and changes 438,870,947.65and 2.8 %.

BAJAJ AUTO with volume and changes 977,349,888.55and 1.9%.

M&M with volume and changes 1,134,858,762.60and 1.7%.

Nifty Losers

Todays nifty top losers were AIRTEL with volume and changes 2,266,389,052.40and [3.6] %.

DLF with volume and changes 941,530,526.25 and [3.2] %.

PNB with volume and changes 506,396,493.30 and [3.0] %.

The BSE Sensex ended at 16008.34 up 158.79 points. It had earlier touched a day's high of 16210.37 and a day's low of 15952.54. The NSE Nifty closed at 4805.12.

STOCKS TO PICK: 30^TH NOVEMBER 2011

BUY PANTALOON AT 198

First Target 202

Second Target 206

Stop Loss 194

BUY D B REALITY ABOVE 78

First Target 79

Second Target 81

Stop Loss 76

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