Friday, 16 December 2011

STOCK MARKET TODAY: 19TH DECEMBER 2011

NIFTY SPOT LEVEL: 19th DECEMBER 2011
Tomorrow trading is expected between the broad levels of 4545-4750. If the market breaches the level of 4705 on the upper side then the next resistance level will be 4750. But if nifty breaches the support level of 4605 then it may go down till the level of 4545. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4605-4705.

SUPPORT LEVELS
Support 1: 4605
Support 2: 4545
RESISTANCE LEVELS
Resistance 1: 4705
Resistance 2: 4750

BANK NIFTY FUTURES: 19th DECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 7905-8305. Bank nifty futures can go down till the level of 7905 once it breaks the level of 8015. On the opposite side once breaking the level of 8195, it is expected to go upward till the level of 8305. Bank nifty will be trading between the narrow ranges of 7905-8195.

SUPPORT LEVELS
Support 1: 8015 
Support 2: 7905
RESISTANCE LEVELS 
Resistance 1: 8195
Resistance 2: 8305

STOCK MARKET REVIEW: 16th DECEMBER 2011
BSE SENSEX tumbled 345 points or 2.2% to end at 15,491. It had earlier touched a day’s high of 16,068 and a day’s low of 15,425.
NSE NIFTY nosedived 95 points or 2% to close at 4,651. It earlier touched a day’s high of 4,818 and a day’s low of 4,628.
The BSE Small-Cap index and the BSE Mid-Cap index were down -1.60% and
-1.72% respectively. CNX MIDCAP index was down -1.77% and S&P CNX 500 lost around -1.94%.

Nifty Gainers

Today’s nifty top gainer were
GAIL changed 1.7 %.With volume 958,027
DR. REDDY’S changed 1.3 % with volume of 557,573
IDFC with volume 1,888,200 and changed 0.7%

Nifty Losers
Today’s nifty top losers were

L&T with volume 4,212,747and changed [5.3] %
AXIS with volume 4,109,418and changed [4.7] %
PNB with volume 418,333and changed [4.6] %

STOCKS TO PICK: 19th DECEMBER 2011

SELL SBI BELOW 1668
First Target 1658
Second Target 1648
Stop Loss 1688

SELL HAVELLS FUTURE BELOW 387
First Target 386
Second Target 384
Stop Loss 390
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