Tuesday, 8 November 2011

STOCK MARKET TODAY : 9TH NOVEMBER 2011


NIFTY SPOT LEVEL: 9TH NOVEMBER 2011
Tomorrow trading is expected between the strong levels of 5150-5300. If the market breaches the level of 5330 on the upper side then the next resistance level will be 5375. 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: 5330
Resistance 2: 5375

BANK NIFTY FUTURES: 9TH 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 9635 once it breaks the level of 9760. On the opposite side once breaking the level of 9980, 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: 9635

RESISTANCE LEVELS 
Resistance 1: 9980
Resistance 2: 10140

STOCK MARKET REVIEW: 9TH NOVEMBER 2011
CNX Midcap index was neutral about 0.00% while BSE small cap index lost at 0.17% and Midcap gained at 0.13% respectively.

Nifty Gainers
Today’s nifty top gainer were CAIRN INDIA with volume and changes 316,660,751.35and 4.9 % RCOM with volume and changes 597,724,111.95 and 4.3% POWER with volume and changes 812,040,084.55 and 4.1%

Nifty Losers
Todays nifty top losers were BPCL with volume and changes 231,416,091.75and [3.3] % SUNPHARMA with volume and changes 493,513,497.05and [2.7] % IDFC with volume and changes 676,089,907.75and [2.6] %.

The BSE Sensex ended at 17569.53 up 6.92 points. It had earlier touched a day's high of 17632.23 and a day's low of 17455.22. The NSE Nifty closed at 5289.35.

STOCKS TO PICK: 9TH NOVEMBER 2011

BUY RANBAXY ABOVE 508

First Target 513
Second Target 518
Stop Loss 500

BUY TATA COMM ABOVE 189
First Target 192
Second Target 195
Stop Loss 185

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