Wednesday, 21 December 2011

STOCK MARKET TODAY: 22ND DECEMBER 2011


NIFTY SPOT LEVEL: 22nd DECEMBER 2011
Tomorrow trading is expected between the broad levels of 4595-4825. If the market breaches the level of 4750 on the upper side then the next resistance level will be 4825. But if nifty breaches the support level of 4645 then it may go down till the level of 4595.

SUPPORT LEVELS
Support 1: 4645
Support 2: 4595
RESISTANCE LEVELS
Resistance 1: 4750
Resistance 2: 4825
BANK NIFTY FUTURES: 22ndDECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8050-8465. Bank nifty futures can go down till the level of 8050 once it breaks the level of 8140. On the opposite side once breaking the level of 8350, it is expected to go upward till the level of 8465. Bank nifty will be trading between the narrow ranges of 8140-8350.

SUPPORT LEVELS
Support 1: 8140
Support 2: 8050
RESISTANCE LEVELS 
Resistance 1: 8350
Resistance 2: 8465
STOCK MARKET REVIEW: 21st DECEMBER 2011

The BSE Sensex ended at 15,725, up 551 points. It had earlier touched a day's high of 15,727 and a day's low of 15,377. It opened at 15,487.
The Nifty closed at 4,693, up 149 points from the last close. It had earlier touched a day's high of 4,707 and a day's low of 4,601. It opened at 4,636. 

CNX MIDCAP index was up 1.37% and S&P CNX 500 gained around 2.73%.

The BSE Mid-Cap and the Small-Cap index added 1% each.

Nifty Gainers

Today’s nifty top gainer were :
R.COM changed 9.1%.With volume 7,819,836.
TATA POWER changed 7.3% with volume of 3,963,660.
HDFC BANK with volume 4,648,963 and changed 5.6%.
Nifty Losers
Today’s nifty top losers were:

CROMPTON GREAVES with volume 1,220,498 and changed [0.6] %.
IDEA with volume 4,242,023 and changed [0.5] %.
CONTAINER CORP with volume 5,813 and changed [0.4] %.
STOCKS TO PICK: 22ND DECEMBER 2011

BUY ICICI BANK AROUND CMP 703
First Target 708
Second Target 714
Stop Loss 693

BUY DLF ABOVE 200
First Target 203
Second Target 206
Stop Loss 196

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