Friday, 23 December 2011

STOCK MARKET TODAY: 26TH DECEMBER 2011

NIFTY SPOT LEVEL: 26thDECEMBER 2011
Tomorrow trading is expected between the broad levels of 4610-4820. If the market breaches the level of 4765 on the upper side then the next resistance level will be 4820. But if nifty breaches the support level of 4660 then it may go down till the level of 4610.

SUPPORT LEVELS
Support 1: 4660
Support 2: 4610
RESISTANCE LEVELS
Resistance 1: 4765
Resistance 2: 4820
BANK NIFTY FUTURES: 26thDECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8110-8525. Bank nifty futures can go down till the level of 8110 once it breaks the level of 8205. On the opposite side once breaking the level of 84100, it is expected to go upward till the level of 8525. Bank nifty will be trading between the narrow ranges of 8205-8410.

SUPPORT LEVELS
Support 1: 8205
Support 2: 8110
RESISTANCE LEVELS 
Resistance 1: 8410
Resistance 2: 8525
STOCK MARKET REVIEW: 23RD DECEMBER 2011

BSE SENSEX was 15,747, down 65 points over the previous close. It had earlier touched a day’s high of 15,911 and a day’s low of 15,711. It opened at 15,863.

NSE NIFTY was quoting 4,712, down 21 points over the previous close. 

CNX MIDCAP index was down -.34% and S&P CNX 500 lost around -0.38%.
The BSE Small-Cap index was up 1%. and the BSE Mid-Cap index was up around 0.07%.

Nifty Gainers

Today’s nifty top gainer were :
WIPRO changed 2.1%.With volume 1,150,850.
BHEL with volume 3,485,309 and changed 2.1%.
GRASIM changed 1.9% with volume of 64,047.
Nifty Losers

Today’s nifty top losers were:

RANBAXY volume 744,828 and changed [3.2] %.
NTPC with volume 2,309,417 and changed [3.1] %.
BPCL with volume 649,455 and changed [2.9] %.
STOCKS TO PICK: 26TH DECEMBER 2011

BUY BHEL ABOVE CMP 241
First Target 242
Second Target 244
Stop Loss 236

BUY WIPRO ABOVE 406.10
First Target 407
Second Target 408
Stop Loss 401

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