Thursday, 8 December 2011

STOCK MARKET TODAY: 9TH DECEMBER 2011


NIFTY SPOT LEVEL: 9th DECEMBER 2011
Tomorrow trading is expected between the strong levels of 4915-5002. If the market breaches the level of 5002 on the upper side then the next resistance level will be 5045. But if nifty breaches the support level of 4915 then it may go down till the level of 4850. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4915-5002.

SUPPORT LEVELS
Support 1: 4915
Support 2: 4850

RESISTANCE LEVELS
Resistance1: 5002
Resistance 2: 5045

BANK NIFTY FUTURES: 9th 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
Support 1: 8825
Support 2: 8720

RESISTANCE LEVELS 
Resistance 1: 9070
Reistance 2: 9190

STOCK MARKET REVIEW: 8th 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 WIPRO with volume and changes 1,298,341,915.20and 2.1 %.

SUNPHARMA with volume and changes 614,200,951.20and 1.6%.

PNB with volume and changes 279,692,814.85and 1.3%.

Nifty Losers

Todays nifty top losers were BHEL with volume and changes 788,615,024.70and [5.7] %.

RCOM with volume and changes 338,674,781.75and [5.7] %.

JP ASSOCIATES with volume and changes 3,301,819,398.40and [5.6] %.

The BSE Sensex ended at 16488.24 down 388.25 points. It had earlier touched a day's high of 16847.50 and a day's low of 16421.55. The NSE Nifty closed at 4943.15.

STOCKS TO PICK: 9th DECEMBER 2011

SELL HINDALCO BELOW 129.50
First Target 127
Second Target 125
Stop Loss 133

BUY SAIL ABOVE 88.50
First Target 89.15
Second Target 90
Stop Loss 87.50

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