STOCK MARKET TODAY: 14TH DECEMBER 2011

NIFTY SPOT LEVEL: 14^th DECEMBER 2011

Tomorrow trading is expected between the broad levels of 4695-4920. If the market breaches the level of 4860 on the upper side then the next resistance level will be 4920. But if nifty breaches the support level of 4750 then it may go down till the level of 4695. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4750-4920.

SUPPORT LEVELS

Support 1: 4750

Support 2: 4695

RESISTANCE LEVELS

Resistance 1: 4920

Resistance 2: 4860

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 8560-8820. Bank nifty futures can go down till the level of 8350 once it breaks the level of 8560. On the opposite side once breaking the level of 8720, it is expected to go upward till the level of 8820. Bank nifty will be trading between the narrow ranges of 8560-8720.

SUPPORT LEVELS

Support 1: 8560

Support 2: 8350

RESISTANCE LEVELS 

Resistance 1: 8720

Resistance 2: 8820

STOCK MARKET REVIEW: 13^th DECEMBER 2011

CNX Midcap index was down about -0.35% while BSE small cap index lost at -0.71 and Midcap lost at -0.58.

Nifty Gainers

Today’s nifty top gainer was HINDALCO changed 4.9 %.

With volume 13,933,430

GRASIM INDUSTRIES changed 1.4% with volume of 96,909

SAIL with volume 6,174,350 and changed 3.0%.

Nifty Losers

Today’s nifty top losers were RELIANCE POWER with volume3, 438,278 and changed [3.5] %.

RELIANCE INFRA with volume 1,195,663and changed [2.1] %.

L&T with volume 2,498,567and changed [2.1] %.

The NSE Nifty finished at 4,800, up 35 points or 0.7% from the last close.BSE Sensex closed at 16,002, up 132 points or 0.8% over the previous close.

STOCKS TO PICK: 14^th DECEMBER 2011

BUY EDUCOMP ABOVE 206

First Target 207

Second Target 208

Stop Loss 204

SELL JAIN IRRIGATION BELOW 102

First Target 101.30

Second Target 100.60

Stop Loss 103.40

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