STOCK MARKET TODAY: 13TH DECEMBER 2011

 NIFTY SPOT LEVEL: 13^th DECEMBER 2011

Tomorrow trading is expected between the strong levels of 4695-4850. If the market breaches the level of 4800 on the upper side then the next resistance level will be 4850. But if nifty breaches the support level of 4735 then it may go down till the level of 4695. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4735-4800.

SUPPORT LEVELS

Support 1: 4735

Support 2: 4695

RESISTANCE LEVELS

Resistance 1: 4800

Resistance 2: 4850

BANK NIFTY FUTURES: 13^th DECEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8950-9470. Bank nifty futures can go down till the level of 8950 once it breaks the level of 9070. On the opposite side once breaking the level of 9280, it is expected to go upward till the level of 9470. Bank nifty will be trading between the narrow ranges of 9070-9280.

SUPPORT LEVELS

Support 1: 8400

Support 2: 8260

RESISTANCE LEVELS 

Resistance 1: 8650

Resistance 2: 8800

STOCK MARKET REVIEW: 13^th DECEMBER 2011

CNX Midcap index was down about 2.09% while BSE small cap index lost at 1.54% and Midcap lost at 1.90% respectively.

Nifty Gainers

Today’s nifty top gainer were WIPRO with volume and changes 601,816,847.90and 2.4 %.

HCL TECH with volume and changes 378,854,622.70and 1.4%.

INFOYSIS with volume and changes 279,692,814.85and 1.1%.

Nifty Losers

Todays nifty top losers were TATAPOWER with volume and changes 176,837,697.85and [7.1] %.

HINDALCO with volume and changes 1,484,266,179.45and [6.5] %.

SAIL with volume and changes 3,301,819,398.40and [5.4] %.

The BSE Sensex ended at 15870.35 down 343.45 points. It had earlier touched a day's high of 16360.32 and a day's low of 15839.96. The NSE Nifty closed at 4764.60.

STOCKS TO PICK: 13^th DECEMBER 2011

SELL SBI BELOW 1760

First Target 1745

Second Target 1730

Stop Loss 1790

SELL BHARTI BELOW 342.50

First Target 340

Second Target 337

Stop Loss 348

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