Thursday, 15 December 2011

STOCK MARKET TODAY: 16TH DECEMBER 2011


NIFTY SPOT LEVEL: 16th DECEMBER 2011
Tomorrow trading is expected between the broad levels of 4640-4850. If the market breaches the level of 4805 on the upper side then the next resistance level will be 4850. But if nifty breaches the support level of 4705 then it may go down till the level of 4640. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4705-4805.

SUPPORT LEVELS
Support 1: 4705
Support 2: 4640
RESISTANCE LEVELS
Resistance 1: 4805
Resistance 2: 4850

BANK NIFTY FUTURES: 16th DECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8265-8720. Bank nifty futures can go down till the level of 8265 once it breaks the level of 8350. On the opposite side once breaking the level of 8575, it is expected to go upward till the level of 8720. Bank nifty will be trading between the narrow ranges of 8350-8575.

SUPPORT LEVELS
Support 1: 8350
Support 2: 8265
RESISTANCE LEVELS 
Resistance 1: 8575
Resistance 2: 8720
STOCK MARKET REVIEW: 15th DECEMBER 2011
BSE SENSEX closed at 15,836, down 45 points or 0.3% from the previous close. It had earlier been as high as 15,908 and as low as 15,596.

NSE NIFTY lost 17 points or 0.3% at 4,746 after hitting a day’s peak of 4,768 and a day’s low of 4,673.

CNX MIDCAP index was down -0.75% and S&P CNX 500 lost around -1.53%.

The BSE SMALL-CAP index and the BSE MID-CAP index were down -1.5% and -1.1%, respectively. 

Nifty Gainers

Today’s nifty top gainer were:
TATA POWER changed 4.6 %.With volume 5,406,89.
COAL INDIA changed 3.8 % with volume of 4,955,253.
IDFC with volume 6,032,430 and changed 3.7%.

Nifty Losers

Today’s nifty top losers were :

RANBAXY with volume 1,957,006 and changed [4.2] %.
STERLITE with volume 7,680,477 and changed [3.9] %.
BHARTI AIRTELL with volume 9,889,975 and changed [3.5] %.

STOCKS TO PICK: 16th DECEMBER 2011

BUY LUPIN ABOVE 441
First Target 442
Second Target 444
Stop Loss 437

SELL HAVELLS FUTURE BELOW 394
First Target 392
Second Target 390
Stop Loss 398

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