Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 7635-8015. Bank nifty futures can go down till the level of 7635 once it breaks the level of 7720. On the opposite side once breaking the level of 7925, it is expected to go upward till the level of 8015. Bank nifty will be trading between the narrow ranges of 7720-7925.
SUPPORT LEVELS 7821
Support 1: 7720
Support 2: 7635
RESISTANCE LEVELS
Resistance 1: 7925
Resistance 2: 8015
The BSE Sensex ended at 15,175, down 204 points. It had earlier touched a day's high of 15,448 and a day's low of 15,135. It opened at 15,436. The NSE Nifty closed at 4,544, down 69 points.
CNX MIDCAP index was down -2.15% and S&P CNX 500 lost around -1.66%.
The BSE Mid-Cap index and the BSE Small-Cap index fell -1.8% and -1.5%, respectively.
Nifty Gainers
Today’s nifty top gainer were :
RANBAXY changed 3.24 %.With volume 1046555.
ONGC changed 2.39 % with volume of 2541824.
HDFC BANK with volume 4995892 and changed 2.32%.
Nifty Losers
Today’s nifty top losers were :
JPASSOCIATE with volume 27988968 and changed [8.23] %.
HEROMOTOCO with volume 626765 and changed [6.19] %.
LT with volume 5491598 and changed [5.90] %.
STOCKS TO PICK: 21ST DECEMBER 2011
BUY TATA MOTORS AROUND CMP 173
First Target 175
Second Target 179
Stop Loss 169
SELL HAVELLS FUTURE BELOW 205
First Target 208
Second Target 212
Stop Loss 298
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