Thursday, 29 December 2011

STOCK MARKET TODAY: 30TH DECEMBER 2011

NIFTY SPOT LEVEL: 30thDECEMBER 2011
Tomorrow trading is expected between the broad levels of 4550-4755. If the market breaches the level of 4695 on the upper side then the next resistance level will be 4755. But if nifty breaches the support level of 4600 then it may go down till the level of 4550.

SUPPORT LEVELS 

Support 1: 4600
Support 2: 4550
RESISTANCE LEVELS
Resistance 1: 4695
Resistance 2: 4755
BANK NIFTY FUTURES: 30thDECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 7830-8245. Bank nifty futures can go down till the level of 7830 once it breaks the level of 7925. On the opposite side once breaking the level of 8130, it is expected to go upward till the level of 8245. Bank nifty will be trading between the narrow ranges of 7925-8130. 

SUPPORT LEVELS
Support 1: 7925
Support 2: 7830
RESISTANCE LEVELS 
Resistance 1: 8130
Resistance 2: 8245
STOCK MARKET REVIEW: 30TH DECEMBER 2011
Today was the dooms day for the Indian market as both main Indian indices dipped in red. NIFTY closed at 4646, 59 points down and SENSEX closed at 15543 208 points down.

The BSE SMALL-CAP index was down -0.69 and the BSE MIDCAP index was down -0.35% apiece.
CNX MIDCAP index was down -0.82% and S&P CNX 500 was down -1.00%.

Nifty Gainers

Today’s nifty top gainer were :
GRASIM changed 2.3%.With volume 191,408.
JINDAL STEEL with volume 3,204,742 and changed 1.8%.
SBI changed 1.2% with volume of 5,649,736.
Nifty Losers

Today’s nifty top losers were:

R.COM volume 6,696,9151and changed [5.3] %.
BHEL with volume 4,408,331and changed [4.4] %.
RELIANCE INFRA with volume 3,731,427and changed [4.0] %.
STOCKS TO PICK: 30TH DECEMBER 2011

BUY ANJANEYA ABOVE 503
First Target 504
Second Target 505
Stop Loss 501

SELL SESA GOA BELOW 159
First Target 158
Second Target 157
Stop Loss 161

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