STOCK MARKET TODAY: 12TH DECEMBER 2011

NIFTY SPOT LEVEL: 12^th DECEMBER 2011

Tomorrow trading is expected between the strong levels of 4850-4915. If the market breaches the level of 4915 on the upper side then the next resistance level will be 4975. But if nifty breaches the support level of 4850 then it may go down till the level of 4800. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4850-4915.

SUPPORT LEVELS

Support 1: 4850

Support 2: 4800

RESISTANCE LEVELS

Resistance 1: 4915

Resistance 2: 4975

BANK NIFTY FUTURES: 12^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: 8790

Support 2: 8700

RESISTANCE LEVELS 

Resistance 1: 8970

Resistance 2: 9190

STOCK MARKET REVIEW: 12^th DECEMBER 2011

CNX Midcap index was down about 0.59% while BSE small cap index lost at 0.89% and Midcap lost at 0.86% respectively.

Nifty Gainers

Today’s nifty top gainer were HINDALCO with volume and changes 1,484,266,179.45and 1.2 %.

DRREDDY with volume and changes 906,911,332.40and 1.1%.

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

Nifty Losers

Todays nifty top losers were SAIL with volume and changes 718,136,564.65and [5.3] %.

JP ASSOCIATES with volume and changes 1,377,476,941.95and [4.7] %.

M&M with volume and changes 3,301,819,398.40and [3.7] %.

The BSE Sensex ended at 16213.23 down 274.78 points. It had earlier touched a day's high of 16382.57 and a day's low of 16142.32. The NSE Nifty closed at 4866.70.

STOCKS TO PICK: 12^th DECEMBER 2011

SELL HINDALCO BELOW 129.50

First Target 127

Second Target 125

Stop Loss 133

BUY TATAMOTORS ABOVE 85

First Target 86.50

Second Target 88

Stop Loss 82.50

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