Nifty spot level : 21 july 11

Tomorrow nifty is expected to trade between the strong levels of 5485 to 5650. If the market breaches the level of 5600   on the upper side then the next resistance level will be   5650. But if nifty breaches the support level of 5530   then it may go down till the level of 5485. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5530   to 5600.

SUPPORT : First Nifty spot level near 5530 and Second Nifty spot level  at 5485

RSISITANCE : First Resistance near to 5600 and second near to 5650

Bank nifty futures : 21 july 11

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10970 to 11410. Bank nifty futures can go down till the level of 10970 once it breaks the level of 11100. On the opposite side once breaking the level of 11280, it is expected to go upward till the level of 11410. Bank nifty will be trading between the narrow ranges of 11100   to 11280

SUPPORT:  First Nifty spot level near 11100 and Second Nifty spot level  at 10970

RSISITANCE:  First Resistance near to 11280 and second near t0 11410

STOCK MARKET REVIEW : 21 july 11

CNX Midcap index was down about 1.27%% while BSE smallcap index also lost 0.36%.  Shares of India ended lower at the end of the day, the Nifty closed below 5600. The BSE Sensex ended 150 points lower after the opening near the top of the day.

Today Nifty Made a high of 5,645.40 and low of 5,555.10

In spite of the upbeat Global market, The NSE-50 was not able to gain from the Jumpstart as investor assimilated a wave of unsatisfactory quarterly earnings.

Most of the companies announcing their results refused today except IRB Infra, Petro net LNG.

The buyer can be seen in the first half of the session that the G positive market effect Obal has not yet been updated. SNA investors to book profits, which can Ferth pull the market up. but the results still WUD area will be closely monitored. Tomorrow market is expected to be downward

Nifty Spot level will manage between 5485 and 5650

Today’s Nifty Top gainer were  :

DLF with changes 1.31%

INFY with changes 0.17%

SIMENS with changes 0.71%

Today’s Nifty Top losers were :

HINDALCO with  changes 3.41%

KOTAK BANK with changes 2.31%

JPASSOCIAT with changes 2.51%

TECHNICAL OUTLOOK FOR INTRADAY : 21 JULY 11

HERO HONDA MOTORS

HERO HONDA MOTOR is going to announce the quarter result on 21ST July. The script is seen trading in bounded range on Tuesday and closed trading at 1761.50.

Expected resistance and support levels for the scrip for the next trading session are:

Resistance levels R1-1797, R2- 1832

Support levels S1-1738  S2- 1717

KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK is going to announce its quarter result tomorrow. Script has traded in heavy volume before the result day. Shares closed the today’s session at 490.50.

Support and resistance levels for the share for the next trading session are:

Resistance levels R1-544, R2- 557

Support levels S1- 383 383 S2- 275

SESA GOA

Sesa Goa has been much new since last year. The company will announce its first quarter results July 21. It has been trading in the range 293 to 284on Wednesday.

Expected levels for this script are as follow:

Resistance levels R1-292 R2- 298

Support levels S1- 282, S2- 278

STOCK TO WATCH: 21 JULY 2011

FUTURES CALL

SELL CALL:

Sell TATA MOTORS FUTURES below the level 966

Book First target at 955 and second target at 945

Keep  the Stop loss at 78.65

BUY CALL

Buy PETRONET LNG FUTURES above 155

Book first target at 157 and second target at 159

Keep stop loss at 152.25

CASH CALL

BUY CALL:

Buy NIIT TECHNOLOGIES around CMP 222

Book First Target at  228 and Second at 235

Keep Stop loss at  216.75