Friday, 2 December 2011

STOCK MARKET TODAY: 5TH DECEMBER 2011


NIFTY SPOT LEVEL: 5TH DECEMBER 2011
Tomorrow trading is expected between the strong levels of 4830-5050. If the market breaches the level of 4975 on the upper side then the next resistance level will be 5050. But if nifty breaches the support level of 4880 then it may go down till the level of 4830. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4880-4975.

SUPPORT LEVELS
Support 1: 5020
Support 2: 4975

RESISTANCE LEVELS
Resistance 1: 5085
Resistance 2: 5130

BANK NIFTY FUTURES: 5TH DECEMBER 2011
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8950-9470. Bank nifty futures can go down till the level of 8950 once it breaks the level of 9100. On the opposite side once breaking the level of 9350, it is expected to go upward till the level of 9470. Bank nifty will be trading between the narrow ranges of 9100-9350.

SUPPORT LEVELS
Support 1: 9100
Support 2: 8950

RESISTANCE LEVELS 
Resistance 1: 9350
Resistance 2: 9470

STOCK MARKET REVIEW: 2ND DECEMBER 2011
CNX Midcap index was up about 1.67% while BSE small cap index gained at 1.08% and Midcap gained at 1.43% respectively.

Nifty Gainers
Today’s nifty top gainer were AMBUJA with volume and changes 297,009,481.85and 7.9 %.

BPCL with volume and changes 267,254,375.95and 6.0%.

TATA POWER with volume and changes 279,692,814.85and 5.0%.

Nifty Losers
Todays nifty top losers were HEROMOTOCORP with volume and changes 966,691,664.30and [0.4] %.

RANBAXY with volume and changes 3,301,819,398.40and [0.6] %.

The BSE Sensex ended at 16843.86 up 359.99 points. It had earlier touched a day's high of 16718.11 and a day's low of 16430.61. The NSE Nifty closed at 4936.85.

STOCKS TO PICK: 5TH DECEMBER 2011
BUY AMBUJA ABOVE 163
First Target 165
Second Target 168
Stop Loss 160

BUY SBI ABOVE 1900
First Target 1915
Second Target 1933
Stop Loss 1870

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