Tomorrow trading is expected between the broad levels of 4645-4815. If the market breaches the level of 4815 on the upper side then the next resistance level will be 4875. But if nifty breaches the support level of 4705 then it may go down till the level of 4645. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4705-4815.
SUPPORT LEVELS
Support 1: 4705
Support 2: 4645
RESISTANCE LEVELS
Resistance 1: 4815
Resistance 2: 4875
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8350-8825. Bank nifty futures can go down till the level of 8350 once it breaks the level of 8455. On the opposite side once breaking the level of 8720, it is expected to go upward till the level of 8825. Bank nifty will be trading between the narrow ranges of 8455-8720.
SUPPORT LEVELS
Support 1: 8455
Support 2: 8350
RESISTANCE LEVELS
Resistance 1: 8720
Resistance 2: 8825
SENSEX shut its shop at 15,867, down 135 points. And THE NIFTY lost 0.8% to end at 4,763 made a day’s low of 4,750 before closing.
CNX Midcap index was down -0.69% and S&P CNX 500 lost around -0.81%. BSE small cap index LOST around -0.81% and BSE Midcap LOST around -0.95%.
Nifty Gainers
Today’s nifty top gainer were :
SUN PHARMA changed 1.8 %.With volume 1,588,739.
ITC changed 1.3% with volume of 10,786,330.
BHARTI AIRTELL with volume 5,326,642and changed 0.9%.
Today’s nifty top losers were :
BPCL with volume 847,585and changed [4.9] %.
TATA STEEL with volume 5,505,860 and changed [4.3] %.
TATA POWER with volume 3,297,306 and changed [4.1] %.
STOCKS TO PICK: 15th DECEMBER 2011
BUY ITC ABOVE 201
First Target 203
Second Target 205
Stop Loss 195
SELL PANTALOON BELOW 140
First Target 139
Second Target 138
Stop Loss 143.40
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