STOCK MARKET TODAY 15TH NOVEMBER 2011

NIFTY SPOT LEVEL: 15^TH NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 5035-5250. If the market breaches the level of 5200 on the upper side then the next resistance level will be 5250. But if nifty breaches the support level of 5085 then it may go down till the level of 5035. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5085-5200.

SUPPORT LEVELS

Support 1: 5085

Support 2: 5035

RESISTANCE LEVELS

Resistance 1: 5200

Resistance 2: 5250

BANK NIFTY FUTURES: 15^TH NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9000 to 9600. Bank nifty futures can go down till the level of 9000 once it breaks the level of 9165. On the opposite side once breaking the level of 9450, it is expected to go upward till the level of 9600. Bank nifty will be trading between the narrow ranges of 9000-9600.

SUPPORT LEVELS

Support 1: 9165

Support 2: 9000

RESISTANCE LEVELS 

Resistance 1: 9450

Reisitance 2: 9600

STOCK MARKET REVIEW: 15^TH NOVEMBER 2011

CNX Midcap index was down about 1.12% while BSE small cap index lost at 1.76% and Midcap lost at 1.60% respectively.

Nifty Gainers

Today’s nifty top gainer were RANBAXY with volume and changes 435,077,806.15and 3.6 % AIRTEL with volume and changes 1,328,353,481.80and 2.4% HERO MOTOCORP with volume and changes 751,931,534.30and 1.6%.

Nifty Losers

Todays nifty top losers were RELIANCE INFRA with volume and changes 2662,579,302.00 and [7.0] % M&M with volume and changes 2,683,675,576.30and [6.0] % RELIANCE POWER with volume and changes 321,502,125.65and [5.9] %

The BSE Sensex ended at 17118.74 down 74.08 points. It had earlier touched a day's high of 17391.99 and a day's low of 17094.43. The NSE Nifty closed at 5148.35.

STOCKS TO PICK: 15^TH NOVEMBER 2011

SELL JSW STEEL AT 645

First Target 639

Second Target 633

Stop Loss 654

BUY RAJESH EXPORTS ABOVE 145

First Target 147.50

Second Target 150

Stop Loss 142.

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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