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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STOCK MARKET TODAY: 21TH NOVEMBER 2011

NIFTY SPOT LEVEL: 21^st NOVEMBER 2011

Tomorrow trading is expected between the strong levels of 4845-5015. If the market breaches the level of 4965 on the upper side then the next resistance level will be 5015. But if nifty breaches the support level of 4880 then it may go down till the level of 4845. Nifty tomorrow is strongly expected to trade between the narrow ranges of 4880-4965.

SUPPORT LEVELS

Support 1: 4880

Support 2: 4845

RESISTANCE LEVELS

Resistance 1: 4965

Resistance 2: 5015

BANK NIFTY FUTURES: 21^st NOVEMBER 2011

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8700-9160. Bank nifty futures can go down till the level of 8700 once it breaks the level of 8820. On the opposite side once breaking the level of 9020, it is expected to go upward till the level of 9160. Bank nifty will be trading between the narrow ranges of 8820-9020.

SUPPORT LEVELS

Support 1: 8820

Support 2: 8700

RESISTANCE LEVELS 

Resistance 1: 9020

Resistance 2: 9160

STOCK MARKET REVIEW: 18^th NOVEMBER 2011

CNX Midcap index was down about 0.77% while BSE small cap index lost at 1.90% and Midcap lost at 1.03% respectively.

Nifty Gainers

Today’s nifty top gainer were SAIL with volume and changes 543,139,628.85and 4.3 % HEROMOTOCORP with volume and changes 1,882,771,417.90and 3.5%

BPCL with volume and changes 481,991,020.45and 2.0%

Nifty Losers

Todays nifty top losers were SESA GOA with volume and changes 699,157,878.75and [4.6] % BHEL with volume and changes 3,319,084,714.90and [3.5] %.

ITC with volume and changes 1,627,598,728.55and [2.9] %.

The BSE Sensex ended at 16371.51 down 90.20 points. It had earlier touched a day's high of 16396.69 and a day's low of 16164.91. The NSE Nifty closed at 4905.80.

STOCKS TO PICK: 21^st NOVEMBER 2011

BUY CHAMBAL FERTILIZERS AT 88.20

First Target 89.50

Second Target 91

Stop Loss 86.20

SELL ADANI ENT BELOW 330

First Target 326.50

Second Target 322

Stop Loss 336.

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