Monday, 12 December 2011

STOCK MARKET TODAY: 13TH DECEMBER 2011


 NIFTY SPOT LEVEL: 13th 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: 13th 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: 13th 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: 13th 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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