STOCK MARKET TODAY: 8TH DECEMBER 2011

NIFTY SPOT LEVEL: 8^th DECEMBER 2011

Tomorrow trading is expected between the strong levels of 4975-5150. If the market breaches the level of 5100 on the upper side then the next resistance level will be 5150. 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

S1: 5020

S2: 4975

RESISTANCE LEVELS

R1: 5100

R2: 5150

BANK NIFTY FUTURES: 8^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 9070. On the opposite side once breaking the level of 9280, it is expected to go upward till the level of 9470. Bank nifty will be trading between the narrow ranges of 9070-9280.

SUPPORT LEVELS

S1: 9070

S2: 8950

RESISTANCE LEVELS 

R1: 9280

R2: 9470

STOCK MARKET REVIEW: 7^th DECEMBER 2011

CNX Midcap index was down about 0.24% while BSE small cap index gained at 0.20% and Midcap lost at 0.20% respectively.

Nifty Gainers

Today’s nifty top gainer were RCOM with volume and changes 693,986,401.65and 3.9 %

WIPRO with volume and changes 614,200,951.20and 3.6%

HCL TECH with volume and changes 279,692,814.85and 2.6%

Nifty Losers

Todays nifty top losers were AIRTEL with volume and changes 1,804,061,657.75and [3.4] %

NTPC with volume and changes 338,674,781.75and [3.3] %

COALINDIA with volume and changes 3,301,819,398.40and [2.8] %

The BSE Sensex ended at 16877.06 up 71.75 points. It had earlier touched a day's high of 17003.71 and a day's low of 16781.62. The NSE Nifty closed at 5062.15.

STOCKS TO PICK: 7^th DECEMBER 2011

SELL IDEA BELOW 91

First Target 90

Second Target 89

Stop Loss 93

BUY RAYMONDS ABOVE 412

First Target 416

Second Target 420

Stop Loss 404