STOCK MARKET TODAY: 27TH DECEMBER 2011

NIFTY SPOT LEVEL: 27^thDECEMBER 2011

Tomorrow trading is expected between the broad levels of 4690-4870. If the market breaches the level of 4830 on the upper side then the next resistance level will be 4870. But if nifty breaches the support level of 4730 then it may go down till the level of 4690.

SUPPORT LEVELS

Support 1: 4730

Support 2: 4690

RESISTANCE LEVELS

Resistance 1: 4830

Resistance 2: 4870

BANK NIFTY FUTURES: 27^thDECEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8080-8655. Bank nifty futures can go down till the level of 8080 once it breaks the level of 8290. On the opposite side once breaking the level of 8500, it is expected to go upward till the level of 8655. Bank nifty will be trading between the narrow ranges of 8500-8290.

SUPPORT LEVELS

Support 1: 8290

Support 2: 8080

RESISTANCE LEVELS 

Resistance 1: 8500

Resistance 2: 8655

STOCK MARKET REVIEW: 26^TH DECEMBER 2011

The BSE SENSEX ended at 15,970, up 232 points or 1.5% over the previous close. It had earlier touched a day’s high of 15,998 and a day’s low of 15,761. It opened at 15,782. NSE Nifty closed at 4,779, up 65 points or 1.4% over the previous close. It earlier touched a day’s high of 4,787. 

CNX MIDCAP index was up 0.77% and S&P CNX 500 was up 1.18%.

The BSE Small-Cap index and the BSE Mid-Cap index were up 1% and 0.8%, respectively.

Nifty Gainers

Today’s nifty top gainer were :

BHARTI AIRTEL changed 4.3%.With volume 3,666,822.

HERO MOTOCORP with volume 368,195 and changed 3.9%.

R.COMM changed 3.5% with volume of 5,149,765.

Nifty Losers

Today’s nifty top losers were:

BPCL volume 622,155and changed [1.1] %.

RANBAXY with volume 883,599and changed [1.1] %.

AXIS with volume 649,455 and changed [0.9] %.

STOCKS TO PICK: 27^TH DECEMBER 2011

BUY IDFC ABOVE 100.80

First Target 101.50

Second Target 102.10

Stop Loss 99

BUY TCS FUTURES AROUND CMP 1191

First Target 1192

Second Target 1193

Stop Loss 1189

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