STOCK MARKET TODAY 11TH NOVEMBER 2011

NIFTY SPOT LEVEL: 11^TH NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 5150-5300. If the market breaches the level of 5260 on the upper side then the next resistance level will be 5330. But if nifty breaches the support level of 5195 then it may go down till the level of 5140. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5200-5300.

SUPPORT LEVELS

Support 1: 5195

Support 2: 5140

RESISTANCE LEVELS

Resistance 1: 5260

Resistance 2: 5330

BANK NIFTY FUTURES: 11^TH NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9400 to 9800. Bank nifty futures can go down till the level of 9320 once it breaks the level of 9450. On the opposite side once breaking the level of 9730, it is expected to go upward till the level of 9860. Bank nifty will be trading between the narrow ranges of 9400-9650.

SUPPORT LEVELS

Support 1: 9450

Support 2: 9320

RESISTANCE LEVELS 

Resistance 1: 9730

Resistance 2: 9860

STOCK MARKET REVIEW: 11^TH NOVEMBER 2011

CNX Midcap index was down about 1.59% while BSE small cap index lost at 1.06% and Midcap lost at 1.25% respectively.

Nifty Gainers

Today’s nifty top gainer were HUL with volume and changes 1,641,887,295.55and 3.2 % WIPRO with volume and changes 138,807,632.65and 1.9% TCS with volume and changes 937,742,289.75and 1.6%

Nifty Losers

Todays nifty top losers were SBI with volume and changes 4,815,896,039.35and [6.8] % BPCL with volume and changes 299,648,639.80and [5.6] % RANBAXY with volume and changes 221,224,853.00and [4.4] %

The BSE Sensex ended at 17362.10 down 207.43 points. It had earlier touched a day's high of 17658.34 and a day's low of 17331.23. The NSE Nifty closed at 5221.05.

STOCKS TO PICK: 11^TH NOVEMBER 2011

SELL SBI AT CMP 1862.05

First Target 1845

Second Target 1830

Stop Loss 1885

BUY TATA STEEL ABOVE 455

First Target 463

Second Target 470

Stop Loss 444.

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NIFTY SPOT LEVELS : 31 MAY

Today market closed down  -3.00 points or   (-0.05%) and finally settled at 5,473.10  and  sensex closed down  -34.04 points or  (-0.05%) and finally settled at 18,232.06.

Nifty closed and settled finally at  5,473.10  down  by  -3.00 points. Indian equity benchmarks closed flat with a negative bias on Monday. It was a completely directionless trade for the market amid low volume. However, the broader indices outperformed benchmarks.

Market will be consolidate  in upcoming trading session. If it manages to trade at Support level 5440  then market would be upward trend and if breaks this level then it would go down by 55  points i.e., 5395  and if its does not sustain to this level then would decline  by 50  points more .

Nifty Manages below this level 5500 then market would be downward trend and if it breaks then would go higher about 40 points that is 5540.

Support : It has first support near to the levels of 5440and below this level near to   5395

Resistance: It has First seen near to 5500and above  this level near to  5540

FREE STOCK TIPS FOR : 30 MAY 2011

Script	C/F	Position	Level	Targets	SL	Follow Up
INDUS IND BANK	CASH	BUY	261	Tg1- 264 Tg2- 267	257.70	1st target achived
ING VYASYA BANK	CASH	BUY	340	Tg1- 344 Tg2- 349	335.40	Not Executed
EDUCOMP	CASH	BUY	484	Tg1- 489  Tg2-495	477.70	Not Executed
EMPHASIS	CASH	BUY	482	Tg1- 487  Tg2- 494	476.70	2nd target almost done