STOCK MARKET TODAY : 16TH NOVEMBER 2011

NIFTY SPOT LEVEL: 16^TH NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4970-5200. If the market breaches the level of 5140 on the upper side then the next resistance level will be 5200. But if nifty breaches the support level of 5035 then it may go down till the level of 4970. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5035-5140.

SUPPORT LEVELS

Support 1: 5035

Support 2: 4970

RESISTANCE LEVELS

Resistance 1: 5140

Resistance 2: 5200

BANK NIFTY FUTURES: 16^TH NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8920 to 9250. Bank nifty futures can go down till the level of 8920 once it breaks the level of 9000. On the opposite side once breaking the level of 9160, it is expected to go upward till the level of 9250. Bank nifty will be trading between the narrow ranges of 9000-9160.

SUPPORT LEVELS

Support 1: 9000

Support 2: 8920

RESISTANCE LEVELS 

Resistance 1: 9160

Resistance 2: 9250

STOCK MARKET REVIEW: 16^TH NOVEMBER 2011

CNX Midcap index was down about 2.58% while BSE small cap index lost at 2.77% and Midcap lost at 2.58% respectively.

Nifty Gainers

Today’s nifty top gainer were CIPLA with volume and changes 280,364,754.05and 6.5 % TATAMOTORS with volume and changes 2,852,405,269.25and 1.9%

HDFC BANK with volume and changes 1,453,835,560.20and 0.2%.

Nifty Losers

Todays nifty top losers were DLF with volume and changes 840,860,558.60and [7.2] % JP ASSOCIATES with volume and changes 766,860,346.55and [6.3] %

RCOM with volume and changes 554,609,464.45and [5.4] %

The BSE Sensex ended at 16882.67 down 237.06 points. It had earlier touched a day's high of 17172.29 and a day's low of 16837.05. The NSE Nifty closed at 5068.50.

STOCKS TO PICK: 16^TH NOVEMBER 2011

SELL M&M AT CMP 759.25

First Target 750

Second Target 740

Stop Loss 775

BUY PRAKASH CONSTROWELL ABOVE 280

First Target 287

Second Target 294

Stop Loss 265.

Get free Stock Market Trading Tips,  Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares To pick, Stock To Watch.
FREE SUBSCRIPTION

Warren Buffett's Stock Market Tips

1. Beware of companies displaying weak accounting.

2. Unintelligible footnotes usually indicate untrustworthy management.

3. Be suspicious of companies that trumpet earnings projections and growth expectations.

4. Suspect those CEOs who regularly claim they do know the future –and we become downright incredulous if they consistently reach their declared targets.

5. Managers that always promise to “make the numbers” will at some point be tempted to make up the numbers.

6. Derivatives are financial weapons of mass destruction.



7. A director whose moderate income is heavily dependent on directors’ fees is highly unlikely to offend a CEO or fellow directors, who in a major way will determine his reputation in corporate circles.

8. If regulators believe that “significant” money taints independence (and it certainly can), they have overlooked a massive class of possible offenders. (referring to outside directors)