STOCK MARKET TODAY: 7 TH DECEMBER 2011

NIFTY SPOT LEVEL: 7^th DECEMBER 2011

Tomorrow 7^th DECEMBER 2011  trading is expected between the strong levels of 4975-5130. If the market breaches the level of 5085 on the upper side then the next resistance level will be 5130. But if nifty breaches the support level of 5020 then it may go down till the level of 4975. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5020-5085.

SUPPORT LEVELS

Support 1: 5020

Support 2: 4975

RESISTANCE LEVELS

Resistance  1:5085

Resistance 2: 5130

BANK NIFTY FUTURES: 7^th 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: 5^th DECEMBER 2011

CNX Midcap index was down about 0.01% while BSE small cap index gained at 0.09% and Midcap lost at 0.05% respectively.

Nifty Gainers

Today’s nifty top gainer were JP ASSOCIATES with volume and changes 1,083,556,537.40and 2.8 %.

AXIS BANK with volume and changes 2,596,874,829.55and 2.6%.

BHEL with volume and changes 279,692,814.85and 2.2%.

Nifty Losers

Todays nifty top losers were RELIANCE POWER with volume and changes 217,799,800.90and [2.4] %.

HCL with volume and changes 338,674,781.75and [2.4] %.

SAIL with volume and changes 3,301,819,398.40and [2.1] %.

The BSE Sensex ended at 16805.33 down 41.50 points. It had earlier touched a day's high of 16863.10 and a day's low of 16691.21. The NSE Nifty closed at 5039.15.

STOCKS TO PICK: 7^th DECEMBER 2011

BUY BANK OF INDIA ABOVE 350

First Target 354

Second Target 358

Stop Loss 342

BUY TCS ABOVE 1184

First Target 1190

Second Target 1200

Stop Loss 1170

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