STOCK MARKET REVIEW
CNX Midcap index was down today:11 august 2011, 0.29% about while BSE small cap index also lost 0.19%.
The BSE Sensex ended at 17,059 losing 71 points. It had earlier touched a day's high of 17,208 and a day's low of 17,012. It opened at 17,056. The NSE Nifty closed at 5,138 losing 23 points.
Bucking the negative trend were FMCG and select Oil & Gas stocks. Select Auto heavyweights like Tata Motors and M&M were in demand as well. On the other hand, Banking, Telecom and Realty stocks were among the major laggards.
Bucking the negative trend were FMCG and select Oil & Gas stocks. Select Auto heavyweights like Tata Motors and M&M were in demand as well. On the other hand, Banking, Telecom and Realty stocks were among the major laggards.
Today’s Nifty Top gainers were:
HDFC with volume and changes 28,84,036and 2.68%
RELINFRA with volume and changes 14,77,351 and 2.65 %
RECAPITA with volume and changes 11,41,856and 2.42%
Today’s Nifty Top losers were:
TATAPOWER with volume and changes 9,77,081and -4.60 %
AXISBANK with volume and changes 18,69,862 and 3.05%
MARUTI with volume and changes 3,99,042 and -2.95%.
Nifty can be expected to follow down trend. It seems to be vary between 4980 - 5225
SHARES TO PICK :
Coal india
Coal india which recently got the entry in sensex 30 list replacing the reliance poweris going to announce its Q1 result tomorrow. Script has traded in heavy volume on Thursday. Share closed today’s session at 386. Support and resistance levels for the share for the next trading session are:
Resistance 1-390
Resistance2- 394
Support 1- 380
Support 2- 376
COX & KINGS
COX & KINGS has seen trading within the range of 211 to 240 on Thursday. Expected levels for this script are as follow:
Resistance 1-235
Resistance2- 242
Support 1- 222
Support2- 218
NIFTY SPOT LEVEL
The Nifty Index opened at 5,128.00 and finally closed at 5,138 rallying down 23 points (0.89%). The Nifty high and low of the day were 5,184.95 and 5,121.00respectively.
The Nifty Futures made a down rally of 23 points and finally settled at 5,138. The 30-share BSE Sensex was trading at 17,059 down 71 points.
Bucking the negative trend were FMCG and select Oil & Gas stocks. Select Auto heavyweights like Tata Motors and M&M were in demand as well. On the other hand, Banking, Telecom and Realty stocks were among the major laggards.
Market seems to be strongly trades between 5080-5200 in narrow perspective and in broad perspective it seems to be vary between 4980-5255
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
Support 1: 5080 Support 2: 4980
Resistance 1: 5200 Resistance 2: 5255
BANK NIFTY FUTURES
Bank Nifty Futures seems to be strongly trades between 10180–10520 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10080-10620.
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
Support 1: 10180 Support 2: 10080
Resistance 1: 10520 Resistance 2: 10620
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