NIFTY LEVELS AND MARKET OVERVIEW : 11 AUGUST 2011

STOCK MARKET REVIEW 

CNX Midcap index was up today:10 august 2011, 1.81% about while BSE small cap index also gained 2.49%.

Finally, the BSE Sensex ended at 17,130.51 gained 272 points after a 6 days bloodshed. It had earlier touched a day's high of 17,256.46.The NSE Nifty closed at 5,161.00 gained 88.15 points made a high of 5,197.95 and day low of 5,123.35.

Today’s Nifty Top gainers were:

TATAMOTORS with volume and changes 30,85,125 and 6.04 %

MARUTI with volume and changes 8,19,358 and 5.78 %

DLF with volume and changes 64,09,529 and 5.41 %

Today’s Nifty Top losers were:

GRASIM with volume and changes 61,691 and 2.53  %

ONGC with volume and changes 32,46,336 and 2.14 %

ITC with volume and changes 92,74,996 and 1.68 %.

Nifty can be expected to follow down trend. It seems to be vary between

NIFTY SPOT LEVEL
                                                                                                          

The Nifty Index opened at 4,947.90 and finally closed at 5,072.85 rallying down 45.65 points (0.89%). The Nifty high and low of the day were 5,167.00 and 4,946.45 respectively.

The Nifty Futures made a down rally of 45.65 points or (0.89%) and finally settled at 5,072.85. The 30-share BSE Sensex was trading at 16,857.91 down 132.27 points.

Market seems to be strongly trades between 5230-5115 in narrow perspective and in broad perspective it seems to be vary between 5300-5070

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be

Support 1: 5230         Support 2: 5300

Resistance 1: 5115     Resistance 2: 5070

BANK NIFTY FUTURES

Bank Nifty Futures seems to be strongly trades between 10610–10325  is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10740-10180.

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Bank Nifty Futures would be 

Support 1: 10610      Support 2: 10740

Resistance 1: 10325  Resistance 2: 10180