Thursday, 22 December 2011

STOCK MARKET TODAY: 23RD DECEMBER 2011

NIFTY SPOT LEVEL: 23RDDECEMBER 2011
 
Tomorrow trading is expected between the broad levels of 4625-4820. If the market breaches the level of 4785 on the upper side then the next resistance level will be 4820. But if nifty breaches the support level of 4680 then it may go down till the level of 4625.

SUPPORT LEVELS
Support 1: 4680
Support 2: 4625
RESISTANCE LEVELS
Resistance 1: 4785
Resistance 2: 4840
BANK NIFTY FUTURES: 23RDDECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8175-8595. Bank nifty futures can go down till the level of 8175 once it breaks the level of 8290. On the opposite side once breaking the level of 8485, it is expected to go upward till the level of 8595. Bank nifty will be trading between the narrow ranges of 8290-8485.

SUPPORT LEVELS
Support 1: 8290
Support 2: 8175
RESISTANCE LEVELS 
Resistance 1: 8485
Resistance 2: 8595
STOCK MARKET REVIEW: 222nd DECEMBER 2011

BSE Sensex ended at 15,813, up 128 points or 0.8% over the previous close. It had earlier touched a day’s high of 15,834 and a day’s low of 15,472. 

The NSE Nifty closed at 4,733, up 40 points over the last close. It has earlier touched a day’s high of 4,740 and a day’s low of 4,632. 

CNX MIDCAP index was up 1.42% and S&P CNX 500 gained around 0.95%.
The BSE Small-Cap and the BSE Mid-Cap index were up ~0.7% each. 

Nifty Gainers

Today’s nifty top gainer were :
DLF changed 4.9%.With volume 6,423,633.
PNB with volume 466,246and changed 4.1%.
TATA MOTORS changed 3.7% with volume of 12,323, 905.
Nifty Losers 

Today’s nifty top losers were:

WIPRO LTD with volume 1,846,641and changed [2.4] %.
BHARTI AIRTELL with volume 5,911,454and changed [1.8] %.
CAIRN  INDIA with volume 1,317,791and changed [1.4] %.
STOCKS TO PICK: 23RD DECEMBER 2011

BUY TATA MOTORS ABOVE CMP 184
First Target 186
Second Target 188
Stop Loss 179

BUY JSW ISPAT ABOVE 10.10
First Target 10.45
Second Target 10.75
Stop Loss 9.50

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