STOCK MARKET TODAY: 28TH NOVEMBER 2011

NIFTY SPOT LEVEL: 28^th NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4630-4870. If the market breaches the level of 4780 on the upper side then the next resistance level will be 4870. But if nifty breaches the support level of 4630 then it may go down till the level of 4580. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4630-4780.

SUPPORT LEVELS

Support 1: 4630

Support 2: 4580

RESISTANCE LEVELS

Resistance 1: 4780

Resistance 2: 4870

BANK NIFTY FUTURES: 28^th NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8300-8710. Bank nifty futures can go down till the level of 8190 once it breaks the level of 8300. On the opposite side once breaking the level of 8555, it is expected to go upward till the level of 8710. Bank nifty will be trading between the narrow ranges of 8300-8555.

SUPPORT LEVELS

Support 1: 8300

Support 2: 8190

RESISTANCE LEVELS 

Resistance 1: 8555

Reisistance 2: 8710

STOCK MARKET REVIEW: 28th NOVEMBER 2011

CNX Midcap index was UP about 0.17% while BSE small cap index GAINED at 0.84% and Midcap GAINED at 0.38% respectively.

Nifty Gainers

Today’s nifty top gainer were L&T with volume and changes 4,326,359,823.45and 3.4 %.

BHEL with volume and changes 1,481,803,050.20and 3.2%.

BPCL with volume and changes 871,774,674.70and 3.1%.

Nifty Losers

Todays nifty top losers were MARUTI with volume and changes 636,709,269.80and [3.9] %.

HINDALCO with volume and changes 617,717,909.40and [3.9] %.

RPOWER with volume and changes 187,053,342.50and [3.5] %.

The BSE Sensex ended at 15695.43 DOWN 103.63 points. It had earlier touched a day's high of 15891.05 and a day's low of 15645.75. The NSE Nifty closed at 4710.05

STOCKS TO PICK: 28^TH NOVEMBER 2011

BUY LOVABLE AT 378

First Target 382

Second Target 386

Stop Loss 370

BUY PANTALOON ABOVE 238

First Target 344

Second Target 350

Stop Loss 

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STOCK MARKET TODAY: 25TH NOVEMBER 2011

NIFTY SPOT LEVEL: 25^th NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4635-4795. If the market breaches the level of 4740 on the upper side then the next resistance level will be 4795. But if nifty breaches the support level of 4700 then it may go down till the level of 4635. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4700-4740.

SUPPORT LEVELS

Support 1: 4700

Support 2: 4635  

RESISTANCE LEVELS

Resistance 1: 4740

Resistance 2: 4795

BANK NIFTY FUTURES:  25^th NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8190-8660. Bank nifty futures can go down till the level of 8190 once it breaks the level of 8300. On the opposite side once breaking the level of 8520, it is expected to go upward till the level of 8660. Bank nifty will be trading between the narrow ranges of 8300-8520.

SUPPORT LEVELS

Support 1: 8300

Support 2: 8190    

RESISTANCE LEVELS 

Resistance 1: 8520

Resistance 2: 8660

STOCK MARKET REVIEW: 24^TH NOVEMBER 2011

CNX Midcap index rose about 1.85% while BSE small cap index rose to 0.38% and Midcap rose to 1.40%.

Nifty Gainers

Today’s nifty top gainer were GAIL with volume 2161402 and changed 4.26 %.

ONGC with volume 43, 81,453 and changed 4.12%.

SESA GOA with volume 33,28,120 and changed 3.73%.

Nifty Losers

Today’s nifty top losers were SAIL with volume 69, 75,556 and changed -3.19 %

R POWER with volume 26, 37,403 and changes -2.61 %

ACC with volume 3, 50,229 and changed -1.84 %

The BSE SENSEX ended at 15858 up 158 points. It had earlier touched a day's high of 15901 and a day's low of 15479. The NSE Nifty closed at 4756.

STOCKS TO PICK: 25^TH NOVEMBER 2011

BUY STERLITE TECHNOLOGIES AT 35.75

First Target 35.95

Second Target 36.15

Stop Loss 35.35

SELL IDEA BELOW 320.05

First Target 317

Second Target 314

Stop Loss 326.

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PICKS TO WATCH OUT FOR

MARKET SEEMED TO BE GOING FOR A PULL BACK AND FOR THAT THE MOST CRUCIAL LEVEL FOR NIFTY FUTURES WOULD BE 4840 WHICH IS A STRONG RESISTANCE ABOVE THAT WE CAN EXPECT A RALLY OF ABOUT 50 POINTS.  SHARE TO WATCH OUT WILL BE TATA MOTORS AND MARUTI .

DOLLAR GETTING STRENGTH AGAINST RUPEE AND THIS IS THE MAJOR ISSUE OF CONCERN FOR INDIAN MARKET WE CAN VERY SOON SEE A RELIEF STATEMENT FROM RBI SO THAT THERE ARE CHANCES OF RUPEE GETTING SOME STRENGTH.

STOCK MARKET TODAY: 22ND NOVEMBER 2011

NIFTY SPOT LEVEL: 22^ND NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4695-4840. If the market breaches the level of 4805 on the upper side then the next resistance level will be 4840. But if nifty breaches the support level of 4740 then it may go down till the level of 4695. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4740-4805.

SUPPORT LEVELS

Support 1: 4740

Support 2: 4695

RESISTANCE LEVELS

Resistance 1: 4805

Resistance 2: 4840

BANK NIFTY FUTURES: 22^ND NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8470-8660. Bank nifty futures can go down till the level of 8300 once it breaks the level of 8470. On the opposite side once breaking the level of 8660, it is expected to go upward till the level of 8820. Bank nifty will be trading between the narrow ranges of 8470-8660.

SUPPORT LEVELS

Support 1: 8470

Support 2: 8300

RESISTANCE LEVELS 

Resistance 1: 8660

Resistance 2: 8820

STOCK MARKET REVIEW: 21^ST NOVEMBER 2011

CNX Midcap index was down about 1.60% while BSE small cap index lost at 1.72% and Midcap lost at 1.95% respectively.

Nifty Gainers

Today’s nifty top gainer were MARUTI with volume and changes 1,517,911,951.95and 0.3 %. HUL with volume and changes 1,337,508,399.25and 0.1%.

Nifty Losers

Todays nifty top losers were SESA GOA with volume and changes 699,157,878.75and [6.7] %. SAIL with volume and changes 543,139,628.85and [5.3] %.

CAIRN INDIA with volume and changes 533,435,493.40and [4.3] %.

The BSE Sensex ended at 15946.10 down 425.41 points. It had earlier touched a day's high of 16297.03 and a day's low of 15900.30. The NSE Nifty closed at 4778.35

STOCKS TO PICK: 22^ND NOVEMBER 2011

BUY MARUTI AT 955

First Target 965

Second Target 980

Stop Loss 940

SELL SBI BELOW 1650

First Target 1635

Second Target 1620

Stop Loss 1680.

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RELIF EXPECTED FROM OIL MINISTRY

The Oil Ministry indicated that there will be no hike in fuel prices at least in the near future. Oil Ministry sources also said the ministry doesn't feel that this is the right time to review the under-recovery formula for oil marketing companies (OMC).

Technical Calls : 2 august 11

Sell JINDAL SOUTH WEST FUTURES at cmp 

First target: 734

Second Target: 720

Stop loss: 761.45

Buy HEXAWARE FUTURES above 92.50 

First target: 93.25

Second target: 94.50

Stop loss 91.25

BANK NIFTY FUTURES: 2 August 11

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10680 to 11250. Bank nifty futures can go down till the level of 10680 once it breaks the level of 10800. On the opposite side once breaking the level of 11140, it is expected to go upward till the level of 11250. Bank nifty will be trading between the narrow ranges of 10800 to 11140,

SUPPORT:  First Nifty spot level near 10800 and Second Nifty spot level at 10680

RSISITANCE:  First Resistance near to 11140,, and second near t0 11250

STOCK MARKET TECHNICAL OUTLOOK:

SUZLON ENERGY

SUZLON ENERGY is going to announce its first quarter results on 29^TH July. It has seen trading within the range of 53 to 52 on Friday. Expected levels for this script are as follow:

Resistance 1-58

Resistance 2- 60

Support 1- 46

Support 2- 42

United bank of India

United bank of India announced quarter result on 30^THJuly. The script closed trading at 93.10 .Expected resistance and support levels for the scrip for the next trading session are:

Resistance 1: 95

Resistance 2: 97

Support 1: 91

Support 2: 88