Friday, 4 November 2011

STOCK MARKET TODAY : 8TH NOVEMBER 2011

NIFTY SPOT LEVEL: 8TH NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 5150-5300. If the market breaches the level of 5325 on the upper side then the next resistance level will be 5400. But if nifty breaches the support level of 5250 then it may go down till the level of 5195. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5200-5300.

SUPPORT LEVELS
Support 1: 5250
Support 2: 5195

RESISTANCE LEVELS
Resistance 1: 5325
Resistance2: 5400

BANK NIFTY FUTURES: 8TH 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 9760. On the opposite side once breaking the level of 9970, it is expected to go upward till the level of 10140. Bank nifty will be trading between the narrow ranges of 9700-10000.

SUPPORT LEVELS
Support 1: 9760
Support 2: 9600

RESISTANCE LEVELS 
Resistance 1: 9970
Resistance 2: 10140

STOCK MARKET REVIEW: 8TH NOVEMBER 2011
CNX Midcap index was up about 0.94% while BSE small cap index gained at 0.38% and Midcap gained at 0.75% respectively.

Nifty Gainers
Today’s nifty top gainer were AMBUJA with volume and changes 438,292,563.45and 2.6 % HINDALCO with volume and changes 1,042,421,342.95and 2.6% JINDAL STEEL with volume and changes 449,352,513.15and 2.4 %

Nifty Losers
Todays nifty top losers were TATA POWER with volume and changes 407,704,714.15and [2.0] % RANBAXY with volume and changes 150,516,840.40and [2.0] % RELIANCE INFRA with volume and changes 722,529,067.35and [1.9] %

The BSE Sensex ended at 17562.61 up 80.68 points. It had earlier touched a day's high of 17702.26 and a day's low of 17474.39. The NSE Nifty closed at 5284.20.

STOCKS TO PICK: 8TH NOVEMBER 2011

BUY ADVANTA ABOVE 402

First Target 406
Second Target 410
Stop Loss 415

BUY ATLANTA ABOVE 71.20

First Target 73.50
Second Target 76
Stop Loss 79


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