STOCK MARKET TODAY : 4TH NOVEMBER

NIFTY SPOT LEVEL: 4^TH NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 5150-5300. If the market breaches the level of 5290 on the upper side then the next resistance level will be 5325. But if nifty breaches the support level of 5215 then it may go down till the level of 5170. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5200-5300.

SUPPORT LEVELS

Support 1: 5215

Support 2: 5170

RESISTANCE LEVELS

Resistance 1: 5290

Resistance 2: 5325

BANK NIFTY FUTURES: 4^TH NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9700 to 10000. Bank nifty futures can go down till the level of 9600 once it breaks the level of 9720. On the opposite side once breaking the level of 9950, it is expected to go upward till the level of 10120. Bank nifty will be trading between the narrow ranges of 9700-10000.

SUPPORT LEVELS

Support 1: 9720

Support 2: 9600

RESISTANCE LEVELS 

Resistance 1: 9950

Resistance 2: 10120

STOCK MARKET REVIEW: 4^TH NOVEMBER 2011

CNX Midcap index was up about 0.50% while BSE small cap index without change at 0.00% and Midcap lost at 0.04% respectively.

Nifty Gainers

Today’s nifty top gainer were DLF with volume and changes 905,508,318.40and 4.3 % BHEL with volume and changes 602,095,951.40and 4.3% TATA POWER with volume and changes 448,656,971.45and 3.3 %

Nifty Losers

Todays nifty top losers were SAIL with volume and changes 304,766,594.80and [3.2] % IDFC with volume and changes 725,526,174.75and [2.4] % HUL with volume and changes 1,896,370,314.75and [2.0] %

The BSE Sensex ended at 17481.93 up 17.98% points. It had earlier touched a day's high of 17527.10 and a day's low of 17278.03. The NSE Nifty closed at 5265.75.

STOCKS TO PICK: 4^TH NOVEMBER 2011

BUY VENKY’S ABOVE 510

First Target 514

Second Target 519

Stop Loss 525

BUY MARICO ABOVE 151.50

First Target 153.50

Second Target 156

Stop Loss 159

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