STOCK MARKET TODAY: 19TH DECEMBER 2011

NIFTY SPOT LEVEL: 19^th 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: 19^th 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: 16^th 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: 19^th 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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