STOCK MARKET TODAY: 28TH DECEMBER 2011

NIFTY SPOT LEVEL: 28^thDECEMBER 2011

Tomorrow trading is expected between the broad levels of 4645-4850. If the market breaches the level of 4795 on the upper side then the next resistance level will be 4850. But if nifty breaches the support level of 4700 then it may go down till the level of 4645.

SUPPORT LEVELS 

Support 1: 4700

Support 2: 4645

RESISTANCE LEVELS

Resistance 1: 4795

Resistance 2: 4850

BANK NIFTY FUTURES: 28^thDECEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8080-8480. Bank nifty futures can go down till the level of 8080 once it breaks the level of 8170. On the opposite side once breaking the level of 8375, it is expected to go upward till the level of 8480. Bank nifty will be trading between the narrow ranges of 8170-8375.

SUPPORT LEVELS

Support 1: 8170

Support 2: 8080

RESISTANCE LEVELS 

Resistance 1: 8375

Resistance 2: 8480 

STOCK MARKET REVIEW: 27^TH DECEMBER 2011

BSE SENSEX closed at 15,873, down 97 points or 0.6% from the last close. It touched a day’s high of 16,049 and a low of 15,799 after opening at 15,983. NSE NIFTY shut shop at 4,750, down 28 points or 0.6% over the previous close.

CNX MIDCAP index was down -0.75% and S&P CNX 500 was down -0.64%.

The BSE Small-Cap index and the BSE Mid-Cap index fell by 0.35% and 0.7%, respectively. 

Nifty Gainers

Today’s nifty top gainer were :

RCOM changed 4.9%.With volume 10,190,965.

TATA POWER with volume 3,002,509and changed 2.4%.

RANBAXY changed 2.3% with volume of 859,591.

Nifty Losers

Today’s nifty top losers were :

IDFC volume 622,155and changed [3.3] %.

AXIS with volume 883,599and changed [3.1] %.

DLF with volume 649,455 and changed [2.7] %.

STOCKS TO PICK: 28^TH DECEMBER 2011

BUY AMBUJA ABOVE 163

First Target 165

Second Target 166

Stop Loss 160

SELL RAYMOND FUTURE AROUND CMP 326

First Target 324

Second Target 322

Stop Loss 330

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