Stock Tips and Commodity Tips

Nifty Tips and Trend for Tomorrow (19th August '11)

2011-08-18T17:11:00.001+05:30

The markets slipped over 2% in the last leg of trade following heavy selling in front-line IT and banking shares as concerns of global growth slowing down weighed on investor sentiment.

The Nifty opened flat, but wilted under selling pressure soon after. The index cracked the 5,000-mark, and touched a low of 4,932.15 during the last half an hour of trade. The Nifty finally closed near day’s low at 4,944.15, down 112.45 points and the Sensex ended at 16,469.79, down 371.01 points or -2.20 %.

Nifty Futures shut stop at 4931.10 down by -136.65 points or -2.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4925 else above resistance level of 5140 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5230 mark.

SUPPORT: It has first support close to the level of 4925 & below this level the next support is seen near 4775 mark.

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Bank Nifty Tips and Forecast for Tomorrow (19th August '11)

2011-08-18T17:09:00.001+05:30

In banking, CNX Bank Index lost -351.70 points or -3.53 %. Amongst the banking stocks UCO Bank, United Bank of India and Indian Bank lead the row.

Bank Nifty Futures shut stop at 9552.90 down by -402 points or -4.04 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 9540 else above resistance level of 9990 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 9990 & above this level the next resistance is seen near the 10195 mark.

SUPPORT: It has first support close to the level of 9540 & below this level the next support is seen near 9275 mark.

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Stock Market Updates for Today (18th August '11)

2011-08-18T17:08:00.001+05:30

It was a day out in the red on Thursday for several stocks from across various sectors as investors resorted to some heavy selling almost right through the session, tracking global cues.

Worries about the global economy on the back of near term uncertainty in the U.S., lingering concerns about the state of affairs in the euro zone and fears of another rate hike back home despite somewhat easing inflation, all contributed to the sell-off today.

The Sensex, which plunged to 16,433.31, ended the day at 16,469.79 with a big loss of 371.01 points or 2.2%.

The Nifty settled at 4944.15, slightly off the day's low of 4932.15, recording a loss of 112.45 points or 2.22%.

Nifty Tips and Trend for Tomorrow (17th August '11)

2011-08-16T18:08:00.002+05:30

Benchmarks ended in the negative territory but off day's low after institutional investors turned sellers in the last half an hour of trade. Weak cues from Europe, US and concerns of possible rate hike by the RBI pushed bulls on the back foot. India's WPI inflation for the month of July eased slightly to 9.22 percent against 9.44 per cent a month ago. May WPI inflation has been revised upwards to 9.56 per cent vs 9.06 per cent. The inflation level remains stubbornly above the comfort levels. The S&P CNX Nifty closed at 5035.80, down by -37.15 points or -0.73 %.

Nifty Futures shut stop at 5040 down by -39.85 or -0.78 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5000 else above resistance level of 5140 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark.

SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4950 mark.

Bank Nifty Tips and Forecast for Tomorrow (17th August '11)

2011-08-16T18:06:00.002+05:30

In banking, CNX Bank Index lost -124.40 points or 1.19 %. Amongst the banking stocks Dhanlaxmi Bank, Axis Bank and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 10085 down by -126.30 points or -1.24 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10015 else above resistance level of 10315 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10315 & above this level the next resistance is seen near the 10525 mark.

SUPPORT: It has first support close to the level of 10015 & below this level the next support is seen near 9930 mark.

Stock Market Updates for Today (16th August '11)

2011-08-16T18:04:00.003+05:30

Erasing early gains, the Bombay Stock Exchange benchmark Sensex fell nearly 109 points on Tuesday as funds sold on fears of hike in interest rate amid high inflation and weak global markets.

The Sensex, which had climbed to 17,035.49 in the morning trade, gaining 187 points, fell back to end with a loss of 108.69 points at 16,730.94 on fears that RBI might hike key interest rates to curb inflation as it remained over 9 per cent for July.

Brokers said the nominal decline in inflation to 9.22 per cent in July, from a 9.44 per cent in June, was not enough to avert fears of further hike in interest rates.

The broad-based National Stock Exchange index Nifty lost 37.15 points to 5,035.80, after climbing to 5,132.20 as stocks in metals, realty, bank and oil and gas sector fell.

Nifty Tips and Trend for Tomorrow (16th August '11)

2011-08-12T20:45:00.002+05:30

Markets declined as investors remained cautious over murky global outlook and expectations that the Reserve Bank of India would continue to hike rates after better than expected industrial output data.

The Nifty opened in the green and touched a high of 5,194.45 tracking firm global cues. The index wilted under selling pressure after the industrial output data came in higher than expected; stoking expectations that RBI may continue with its tightening process. The index made a low of 5,052 in the noon session. The S&P CNX Nifty finally closed at 5,072.95, down 65.35 points.

Nifty Futures shut stop at 5074.50 down by -62.75 or -1.22 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5050 else above resistance level of 5190 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5190 & above this level the next resistance is seen near the 5240 mark.

SUPPORT: It has first support close to the level of 5050 & below this level the next support is seen near 4950 mark.

Bank Nifty Tips and Forecast for Tomorrow (16th August '11)

2011-08-12T20:43:00.002+05:30

In banking, CNX Bank Index lost -156.10 points or -1.51 %. Amongst the banking stocks Jammu & Kashmir Bank, Union Bank of India and Allahabad Bank lead the row.

Bank Nifty Futures shut stop at 10179.90 down by -164.15 points or -1.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10175 else above resistance level of 10525 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark.

SUPPORT: It has first support close to the level of 10175 & below this level the next support is seen near 9935 mark.

Stock Market Updates for Today (12th August '11)

2011-08-12T20:41:00.003+05:30

A strong close on Wall Street overnight and an impressive show by stocks on the Asian bourses set up a buoyant start for Indian stocks Friday morning. However, after the first hour, the market faltered and kept drifting lower following a surprisingly upbeat industrial production data for June raising fears of another rate hike by the central bank.

The sharp surge in food inflation too weighed on sentiment to a significant extent. Ignoring some good report cards from India, investors indulged in some selling right through the day, fearing a significan drop in earnings over the next few quarters due to rising borrowing costs.

According to the data released by the government on friday, India's industrial output, as measured by the IIP, grew by 8.8% in June versus consensus forecast of 5.5-5.7%. The Government also revised May's IIP reading to 5.9%, from 5.6% earlier.

Information technology, bank and realty stocks were among the prominent losers. Several stocks from power and metal sectors too ended notably lower. Oil, capital goods and automobile stocks gave up early gains and ended weak. Select FMCG and healthcare stocks found some support. Midcap and smallcap stocks managed to outperform the market till around mid afternoon but lost their way towards the end of the session.

The Sensex, which opened with a positive gap of nearly 200 points at 17,246.88 - it remained its high for the day - but plunged to 16,784.56 in afternoon trade, ended the day with a loss of 219.77 points or 1.29% at 16,839.63. The National Stock Exchange's benchmark Nifty closed at 5072.95, nearly 125 points off the day's high of 5194.45, recording a loss of 65.35 points or 1.27%.

Nifty Tips and Forecast for Tomorrow (12th August '11)

2011-08-11T20:11:00.003+05:30

Markets ended in the red due to selling pressure in frontline stocks-ICICI Bank, Bharti Airtel and Tata Power, shrugging off firm cues from Europe.

The Nifty opened in the negative and touched a low of 5,128 tracking weak global cues. The index changed lanes and touched a high of 5,184 in the afternoon session following a recovery in Asian indices and rally in European markets. However, selling in select banking and frontline shares dragged the index in the last leg of the trade. The Nifty finally ended at 5,138, down 23 points and the Sensex closed at 17,059, down 71 points.

Nifty Futures shut stop at 5128 down by -30.65 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5118 else above resistance level of 5240 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5122 & above this level the next resistance is seen near the 5240 mark.

SUPPORT: It has first support close to the level of 5118 & below this level the next support is seen near 4950 mark.

Bank Nifty Tips and Trend for Tomorrow (12th August '11)

2011-08-11T20:09:00.002+05:30

In banking, CNX Bank Index lost -124.40 points or 1.19 %. Amongst the banking stocks Dhanlaxmi Bank, Axis Bank and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 10338.90 down by -119.70 points or 1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10320 else above resistance level of 10525 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark.

SUPPORT: It has first support close to the level of 10320 & below this level the next support is seen near 9930 mark.

Stock Market Updates for the Day (11th August '11)

2011-08-11T20:07:00.001+05:30

The BSE Sensex fell 0.4 percent after choppy trading on Thursday after data showed food inflation accelerated in end-July, triggering expectations the Reserve Bank of India (RBI) may continue with its tightening cycle despite global economic uncertainty.

"The stocks stayed in the negative zone as the inflation number was higher than expected. I think the higher inflation is not going to go in a hurry," said Neeraj Dewan, director at Quantum Securities.

However, analysts expect some bargain hunting to come in to the market after the main stock index ended lower for seven out of the last eight sessions. It had fallen 8 percent in the six sessions till Tuesday.

"We see value buying coming in the sectors linked to domestic consumption story such as FMCG," said Ambareesh Baliga, Chief Operating Officer at Way2Wealth.

In the broader market, 803 declines outnumbered advances on a total volume of 537.7 million shares.

Nifty Tips and Trend for Tomorrow (12th August '11)

2011-08-10T17:05:00.004+05:30

Selling pressure in oil & gas stocks has taken the markets off the day's high. A declining European market and falling Dow future have dampened sentiments in India.

The markets had rebounded from yesterday's fall, owing to a recovery in global stocks. The NSE Nifty, after touching a high of 5190 moved sideways for the first half of the day. However, it started to slip in afternoon trades and touched a low of 5118.10 down 71.90 points from the days high. The index is now at 5161 up 88.15 points or 1.74 %.

Nifty Futures shut stop at 5148 up by -64.60 or 1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5118 else above resistance level of 5240 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5240 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5118 & below this level the next support is seen near 4950 mark.

Bank Nifty Tips and Forecast for Tomorrow (12th August '11)

2011-08-10T17:00:00.002+05:30

In banking, CNX Bank Index gained 10463.20 points or 2.62 %. Amongst the banking stocks South Indian Bank, State Bank of Mysore and Canara Bank lead the row.

Bank Nifty Futures shut stop at 10474 up by 246.80 points or 2.41 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10500 else support level of 10360 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10500 & above this level the next resistance is seen near the 10790 mark.

SUPPORT: It has first support close to the level of 10360 & below this level the next support is seen near 9930 mark.

Stock Market Updates for the Day (10th August '11)

2011-08-10T16:58:00.001+05:30

After six successive days of losses, the market turned positive and ended with strong gains today.

The sharp rebound on Wall Street overnight after the Federal Reserve pledged to keep rates at near-zero levels till mid-2013 buoyed up sentiment across global markets.

The Sensex, which shot up nearly 400 points in early trade, ended at 17,113.35 (provisional) with a gain of 255.44 points or 1.52%.

The Nifty closed at 5159.35, up 87.50 points or 1.7%.

IT stocks led the charge in morning trades and despite paring some gains later on, ended on a high note.

Automobile stocks rallied on reports of a likely cut in fuel prices.

Realty, consumer durables, bank and capital goods stocks too posted handsome gains.

Power and metal stocks found support as well.

Select pharma stocks moved up. Fertilizer stocks recorded hefty gains.

Oil and FMCG stocks were subdued in afternoon trade.

Midcap and smallcap stocks had a good outing.

The market breadth was strong.

Nifty Tips and Forecast for Tomorrow (10th August '11)

2011-08-09T20:30:00.002+05:30

Volatility ruled the roost today, India's volatility index hit an all-time high of 34.31 as global uncertainty weighed on investor’s mind.

The US markets had crashed in trades on Monday following the S&P downgrade. The Dow Jones Industrial Average slumped 5.5% to 10,810. The NASDAQ plunged almost 7% to 2,358, and the S&P index cracked 6.7% at 1,119. The S&P CNX Nifty 5072.85 down by -45.65 or -0.89 %.

Nifty Futures shut stop at 5083.40 down by -42.80 or -2.83 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4930 else above resistance level of 5210 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5210 & above this level the next resistance is seen near the 5560 mark.

SUPPORT: It has first support close to the level of 4930 & below this level the next support is seen near 4780 mark.

Bank Nifty Tips and Trend for Tomorrow (10th August '11)

2011-08-09T20:28:00.002+05:30

In banking, CNX Bank Index lost -35.75 points or -0.35 %. Amongst the banking stocks State Bank of Bikaner and Jaipur, Yes Bank and Syndicate Bank lead the row.

Bank Nifty Futures shut stop at 10227.20 down by -15.70 points or -0.15 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 9935 else above resistance level of 10500 it would be in an upward trend.

It is looking bearish in the coming trading session if it manages to trade below the support level of 9935 else above resistance level of 10500 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10500 & above this level the next resistance is seen near the 10790 mark.

SUPPORT: It has first support close to the level of 9935 & below this level the next support is seen near 9710 mark.

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Stock Market Updates for Today (9th August '11)

2011-08-09T20:26:00.003+05:30

The Indian benchmark indices Sensex and Nifty extended their losing streak to a sixth successive day today, but thanks to some hectic short-covering and bargain hunting, ended with far less losses than feared this morning following a big gap down opening and subsequent sharp fall.

The overnight terrible setback on Wall Street following a huge sell-off on the back of Standard & Poor's rating downgrade on U.S. credit, and the resultant plunge in Asian markets set up another disastrous start for Indian stocks. Weak economic data from China too contributed to the bearish sentiment.

However, a statement from Standard & Poor's that there may not be an immediate impact of the downgrade of US credit rating on India and a recovery in some Asian and European markets triggered some strong buying at several front line counters in early afternoon trade.

Though the recovery that lifted the market into positive territory turned short-lived after European markets caved in to pressure amid concerns about the ongoing credit crisis, stocks found some support again during the final hour and significantly cut down their losses by the end of the day.

The Sensex, which went down by over 550 points to around 16,432 following a weak start but rallied to 17,135 around early afternoon, ended the day at 16,857.91 with a loss of 132.27 points or 0.78%.

The Nifty, which hit a low of 4946.65 and a high of 5167 during the session, settled at 5072.85, netting a loss of 45.65 points or 0.89%.

Nifty Tips and Forecast for Tomorrow (8th August '11)

2011-08-05T19:02:00.002+05:30

Markets recovered partially in late noon trades, but ended lower for the fourth consecutive day following global sell-off on US growth and sovereign debt concerns. The Nifty closed at 5,211, down 120 points and the Sensex ended at 17,336, down 357 points (provisional).

Nifty Futures shut stop at 5220 down by -117.20 or -2.20 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5110 else above resistance level of 5240 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5240 & above this level the next resistance is seen near the 5440 mark.

SUPPORT: It has first support close to the level of 5110 & below this level the next support is seen near 5000 mark.

Bank Nifty Tips and Trend for Tomorrow (8th August '11)

2011-08-05T19:00:00.002+05:30

In banking, CNX Bank Index lost -182.85 points or -1.73 %. Amongst the banking stocks Karnataka Bank, Lakshmi Vilas Bank and Dhanlaxmi Bank lead the row.

Bank Nifty Futures shut stop at 10366 down by -185.95 points or -1.76 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10155 else above resistance level of 10380 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10380 above this level the next resistance is seen near to the level of 10790.

SUPPORT: It has first support close to the level of 10155 & below this level the next support is seen near 10030 marks.

Nifty Tips and Forecast for Tomorrow (5th August '11)

2011-08-04T22:53:00.004+05:30

Markets ended in the negative after swinging between gains and losses due to selling in index heavyweights-ITC, Mahindra & Mahindra and Reliance Industries; also concerns over slowing global growth weighed. The S&P CNX Nifty opened in the green and touched a high of 5,434 in the morning session. The index was choppy for a brief period before giving into selling pressure in the afternoon trades as investors fretted over the impact of slowing growth in the United States and a series of rate hikes by the Reserve Bank of India. The Nifty closed near day's low, at 5,332, down 73 points and the benchmark Sensex ended at 17,693, down 247 points.

Nifty Futures shut stop at 5339.80 down by -84.60 or -1.56 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5325 else above resistance level of 5440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5500 mark.

SUPPORT: It has first support close to the level of 5325 & below this level the next support is seen near 5255 mark.

Bank Nifty Tips and Trend for Tomorrow (5th August '11)

2011-08-04T22:51:00.003+05:30

In banking, CNX Bank Index lost -50.80 points or 0.47 %. Amongst the banking index Lakshmi Vilas Bank, Axis Bank and Andhra Bank lead the row.

Bank Nifty Futures shut stop at 10532 down by 154.50 points or 1.44 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10525 else above resistance level of 10790 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10790 above this level the next resistance is seen near to the level of 10920.

SUPPORT: It has first support close to the level of 10525 & below this level the next support is seen near 10445 marks.

Stock Market Updates for Today (4th August '11)

2011-08-04T22:47:00.002+05:30

As a severe bout of selling pressure engulfed the market in late afternoon trade amid worries about a likely fall in earnings due to high interest rates, stocks from across various sectors tumbled and dragged the benchmark indices Sensex and Nifty down to a highly negative close on Thursday.

The start was a bit shaky this morning, but stocks soon rallied higher with bargain hunting after recent heavy losses aiding their surge. However, after a brief spell in positive territory, the market turned easy and then kept sliding lower and lower as the session progressed.

According to the data released by the government today, food price index rose 8.04% and the fuel price index climbed 12.12% in the year to 23 July 2011. In the previous week, annual food and fuel inflation stood at 7.33% and 12.12%, respectively. The primary articles price index was up 10.99%, compared with an annual rise of 10.49% a week earlier.

The Sensex, which plunged to 17,664.73, hitting a six-week low in the process, ended the day at 17,693.18, recording a loss of 247.37 points or 1.38%. The Nifty closed at 5331.80, slightly off the day's low of 5323.15, netting a loss of 73 points or 1.35%.

Nifty Tips and Trend for Tomorrow (4th August '11)

2011-08-03T22:34:00.004+05:30

The markets were routed by the weight of negative cues emanating from the global front. The Sensex ended below the 18k mark at 17,940, lower by 169 points and the Nifty was precariously poised above the 5400 mark at 5404, down 51 points. The midcap index ended at 6785, lower by 22 points and the small cap index ended at 8109, down 54 points.

Nifty Futures shut stop at 5429.45 down by 37.05 or -0.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5380 else above resistance level of 5440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5500 mark.

SUPPORT: It has first support close to the level of 5380 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Forecast for Tomorrow (4th August '11)

2011-08-03T22:31:00.003+05:30

In banking, CNX Bank Index lost -50.80 points or 0.47 %. Amongst the banking index Lakshmi Vilas Bank, Axis Bank and Andhra Bank lead the row.

Bank Nifty Futures shut stop at 10776.75 down by -66.65 points or -1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10575 else above resistance level of 10730 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10730 above this level the next resistance is seen near to the level of 10920.

SUPPORT: It has first support close to the level of 10575 & below this level the next support is seen near 10445 marks.

Stock Market Updates for the Day (4th August '11)

2011-08-03T22:29:00.001+05:30

Amid mounting worries about the global economy on the back of some weak data from the U.S., and parts of Asia and Europe, and on concerns about the impact of high interest rates on economic growth and corporate earnings in the country, investors went on a selling spree this morning, tracking cues from its Asian peers.

After a weak start and a subsequent sharp fall in morning trades, the market did manage a couple of smart rallies as the session progressed but still ended the day on a highly negative note with key stocks from capital goods, automobile and information technology sectors posting notable losses.

Pharmaceuticals and bank stocks too mostly ended weak. Realty stocks Realty stocks started off on a dismal note but regained some lost ground in late afternoon trade to end well off their lows. Metal stocks too recovered after a weak start. Oil, power and FMCG stocks closed mixed.

The Sensex, which plunged to 17,859.60 a little past noon, ended the day at 17,940.55, recording a loss of 169.34 points or 0.94%, while the Nifty closed at 5404.80, off the day's low of 5378.85 with a loss of 51.75 points or 0.95%.

Nifty Tips and Trend for Tomorrow (3rd August '11)

2011-08-02T19:37:00.002+05:30

The markets ended with significant losses on the back of weakness in metal and realty stocks. Taking a heavy beating, the BSE Sensex ended at 18,110, down 204 points and the S&P CNX Nifty ended at 5,457, down 59 points.

Nifty Futures shut stop at 5466.50 down by -66.45 or -1.20 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5430 else above resistance level of 5500 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5500 & above this level the next resistance is seen near the 5560 mark.

SUPPORT: It has first support close to the level of 5430 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Trend for Tomorrow (3rd August '11)

2011-08-02T19:35:00.003+05:30

In banking, CNX Bank Index lost -195.70 points or 1.79 %. Amongst the banking index Canara Bank, Central Bank and Federal Bank lead the row.

Bank Nifty Futures shut stop at 10776.75 down by -66.65 points or -1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10740 else above resistance level of 10920 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10920 above this level the next resistance is seen near to the level of 11075.

SUPPORT: It has first support close to the level of 10740 & below this level the next support is seen near 10610 marks.

Stock market updates for the day (3rd August '11)

2011-08-02T19:33:00.002+05:30

After posting fairly strong gains on Monday on the back of the U.S. government deciding to hike debt limit to avoid a potential default, Asian markets turned weak on Tuesday as worries about slowing economy resurfaced and triggered a sell-off. The mood, quite naturally, was bearish when the Indian market opened for trading this morning.

With investors staying cautious and pressing sales till the end of the session, several blue chip stocks across various sectors closed with notable losses, pushing the benchmark indices Sensex and Nifty down by over 200 points and 60 points respectively.

While the Sensex, which plunged to 18,037.87, ended the day with a loss of 204.44 points or 1.12% at 18,109.89, the Nifty closed at 5456.55, around 23 points off the day's low, netting a loss of 60.25 points or 1.09%.

Nifty Tips and Trend for Tomorrow (2nd August '11)

2011-08-01T19:47:00.003+05:30

The markets today reversed its four-day losing streak. The Nifty touched a high of 5557.10 - up over 60 points - in early trades on the back of positive news flow from the overseas. US President, Barack Obama announced a framework debt-limit deal ahead of Tuesday's deadline. This will raise the US borrowing limit and help avoid a default.

Nifty Futures shut stop at 5528.55 up by 40.50 or 0.74 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5590 else below support level of 5440 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5710 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Forecast for Tomorrow (2nd August '11)

2011-08-01T19:40:00.002+05:30

In banking, CNX Bank Index gained 45.35 points or 0.42 %. Amongst the banking index ING Vysya Bank, Kotak Mahindra Bank and Jammu & Kashmir Bank lead the row.

Bank Nifty Futures shut stop at 10940 up by 29.20 points or 0.27 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11130 else below support level of 5440 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11130 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 10900 & below this level the next support is seen near 10760 marks.

Stock Market Updates for the Day (1st August '11)

2011-08-01T19:38:00.004+05:30

After an upbeat start on the back of a positive news from the U.S. where President Barack Obama announced that the Congressional leaders agreed on a compromise on raising the debt limit to avoid a default, and a subsequent jump to higher levels, the Indian market gave up most of its gains following a sudden bout of selling around mid afternoon, but eventually managed to sign off on a positive note on Monday.

Though worries about the U.S. economy eased to an extent following the development on the debt limit issue, the mood back home was quite cautious for a better part of the later half of the session as investors appeared concerned about the impact of the latest hike in rates on growth and future corporate earnings. Heavy selling in the metal space on the back of weak economic data from China and allegations of illegal iron-ore mining in Karnataka contributed to the market's fall from higher levels.

The Sensex, which opened with a positive gap of over 150 points at 18,352.23 and spurted to 18,440.07 in a flash, ended the day at 18,314.33, nearly 100 points off the day's low, recording a gain of 117.13 points or 0.64%.

The Nifty settled at 5516.80, recording a gain of 34.80 points or 0.63% for the day. It touched a high of 5551.90 and a low of 5486.45 during the session.

Commodity Market Forecast for week (1st – 5th August ’11)

2011-07-30T15:16:00.001+05:30

SILVER:

In silver as we have seen last week, it is not sustaining on higher levels. So we would recommend going for the strategy of buy on lower levels. If silver breaks the level of 59900 and sustain above 60400 one should go for a buy position above the level of 60825. It can reach the level of 62400.

Stock of the week (1st – 5th August ’11)

2011-07-30T15:15:00.001+05:30

TCS:

TCS is looking strong on chart, as it has been consolidating with positive biasness from last many trading sessions.

Currently it is trading above its 10 day and 50 days moving average on intraday charts with daily RSI at 47.44 levels.

If the stock continues to sustain above the level of 1148 we may expect an up rally in it. Traders may go long in this stock above the level of 1155 for the targets of 1175 and 1200 with the strict stop loss of 1137.

Stock Market Forecast for week (1st – 5th August ’11)

2011-07-30T15:13:00.003+05:30

On the back of hike in key interest rates by 50 basis points last week Indian market loose the direction and fell more than 2.5%, closed below 5500 mark @ 5490.55.

Investors fear can see in the market in coming days too. Nifty future having support zone @ 5440 levels if it crossed this level than it can move towards 5370-5300.

Nifty future having major resistance @ 5725 levels but immediate resistance comes @ 5550 above this level 5620-5680 will act as a key resistance in coming days.

Nifty Tips and Trend for Tomorrow (1st August '11)

2011-07-29T19:21:00.003+05:30

Markets ended on a flat note after swinging between gains and losses through the day as concerns over US debt deal deadlock and losses in heavyweight Reliance Industries weighed. The Spot Nifty is now at 5482 – down -5.75 points or -0.10 %.

Nifty Futures shut stop at 5490.55 down by -8.15 or -0.15 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5530 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5530 & above this level the next resistance is seen near the 5710 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Forecast for Tomorrow (1st August '11)

2011-07-29T19:19:00.003+05:30

In banking, CNX Bank Index gained 65.15 points or 0.60 %. Amongst the banking index Dena Bank, Axis Bank and Syndicate Bank lead the row.

Bank Nifty Futures shut stop at 10926.50 up by 62 points or 0.57 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10760 else above resistance level of 10980 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10980 above this level the next resistance is seen near to the level of 11130.

SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10600 marks.

Stock Market Updates for Today (29th July '11)

2011-07-29T19:17:00.003+05:30

Notwithstanding some hectic buying, first after an hour past the opening bell, and then during the penultimate hour of the session, the market ended the day on a negative note on Friday as investors mostly treaded a cautious path amid growing concerns about the global economy and fears about a likely slowdown in Indian economic growth due to sharp hike in lending rates.

There were some good results from India Inc., like the one reported by the banking sector heavyweight ICICI Bank. And there were some interesting stock specific developments as well. But the mood remained cautious almost right through and buying was quite selective during the day.

The Sensex, which rebounded to 18,334.27 after an early fall to around 18,132, dropped down into the red around mid morning, and after staying flat for close to three hours, rallied past 18,300 only to falter again and close in negative territory. The benchmark ended the day with a small loss of 12.32 points or 0.07% at 18,197.20.

The National Stock Exchange's Nifty index closed at 5482, recording a loss of 5.75 points or 0.1%. It touched a low of 5453.95 and a high of 5520.30 during the day.

Nifty Tips and Trend for Tomorrow (29th July '11)

2011-07-28T18:31:00.003+05:30

Markets continued to reel under pressure in the afternoon session following weak cues from Europe as nervousness prevailed over disagreement on US debt ceiling. The Spot Nifty is now at 5574.85 – down 105.45 points or -1.86 %.

Nifty Futures shut stop at 5487.75 down by -58.05 or -1.06 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5590 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5710 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Forecast for Tomorrow (29th July '11)

2011-07-28T18:30:00.002+05:30

In banking, CNX Bank Index lost -171.65 points or -1.56 %. Amongst the banking index Indian Bank, Indian Overseas Bank and Punjab National Bank lead the row.

Bank Nifty Futures shut stop at 10828.50 down by -187.75 or -1.70 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10800 else above resistance level of 10960 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10960 above this level the next resistance is seen near to the level of 11130.

SUPPORT: It has first support close to the level of 10800 & below this level the next support is seen near 10600 marks.

Stock Market Updates for Today (28th July '11)

2011-07-28T18:28:00.003+05:30

Fears about the impact of U.S. debt on the global economy and lingering concerns about debt worries in the euro zone sent stock prices tumbling down in Asian and European markets on Thursday. And the mood back home was not any different either, with the latest rate hike - sharper than expected at that - from the Reserve Bank of India adding to the woes.

With the mood remaining quite bearish amid concerns about a likely slowdown in growth and drop in earnings due to steep hike in borrowing costs, some good results from India Inc and a decline in food inflation failed to arouse any significant buying interest today.

According to the data released by the government today, India's food price index rose 7.33 percent and the fuel price index climbed 12.12 percent in the year to July 16. In the previous week, annual food and fuel inflation stood at 7.58 percent and 11.89 percent, respectively. The primary articles price index was up 10.49 percent, compared with an annual rise of 11.13 percent a week earlier.

Movements were quite volatile for a better part of the session due to unwinding of positions in the F&O segment ahead of July series expiry.

The Sensex, which plummeted to 18,188.88 in late afternoon trades, ended the session with a loss of 222.73 points or 1.21% at 18,209.52. The Nifty closed at 5487.75, slightly off the day's low of 5475.65, recording a loss of 59.05 points or 1.06%.

Stock Market Updates for Today (27th July '11)

2011-07-28T01:05:00.001+05:30

Benchmarks ended in the negative terrain for second straight session, ahead of the July series F&O expiry, as 50 basis points rate hike by the Reserve Bank of India and concerns of US debt default spooked sentiments.

Bombay Stock Exchange’s Sensex was at 18430.20, down 88.02 points or 0.48 per cent. The 30-share index touched intraday low of 18358.76 and high of 18578.55.

National Stock Exchange’s Nifty ended at 5545.70, down 29.15 points or 0.52 per cent. The broader index touched a high of 5591.70 and low of 5521.50 in trade today.

BSE Midcap Index was up 0.27 per cent and BSE Smallcap Index edged 0.01 per cent up.

Nifty Tips and Trend for Tomorrow (27th July '11)

2011-07-26T18:27:00.003+05:30

Indian markets ended sharply lower as higher-than-expected hike in key interest rates by the Reserve Bank of India spooked sentiments. Rate sensitive were beaten down badly on concerns that rising interest rate would impact business adversely. The Spot Nifty is now at 5574.85 – down 105.45 points or -1.86 %.

Nifty Futures shut stop at 5577.30 down by -113.35 or -1.99 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5555 else above resistance level of 5710 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5710 & above this level the next resistance is seen near the 5790 mark.

SUPPORT: It has first support close to the level of 5555 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Forecast for Tomorrow (27th July '11)

2011-07-26T18:26:00.002+05:30

In banking, CNX Bank Index lost -277.25 points or -2.43 %. Amongst the banking index Dhanalakshmi Bank, Yes Bank and Kotak Bank lead the row.

Bank Nifty Futures shut stop at 11104 down by -295.25 or 2.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11030 else above resistance level of 11495 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11495 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11030 & below this level the next support is seen near 10975 marks.

Stock Markets Updates for Today (26th July '11)

2011-07-26T18:24:00.004+05:30

As the Reserve Bank of India hiked the repo and reverse repo rates by sharper than expected 50 basis points each, the market saw some heavy selling that took a toll of several stocks, especially those from rate sensitive banking, realty and automobile sectors.

As pressure mounted amid fears of a slowdown in growth and a possible drop in earnings, stocks drifted lower and lower as the session progressed and eventually ended the day on a highly negative note today. Weakness in European markets amid lingering worries about U.S. and European economies too weighed on sentiment to an extent.

The market, which was expecting a hike of 25 basis points in the repo rate, went sliding down sharply after the central bank announced a 50 basis points hike to 8%. The apex bank raised the reverse repo rate by 50 basis points to 7% even as it left the CRR and savings bank rate unchanged at current levels. The central bank revised the inflation target to 7% from an earlier forecast of 6%, while maintaining the growth rate forecast at 8%.

The mood was so bearish this afternoon that even some fairly impressive results from India Inc failed to arouse any buying interest.

The Sensex, which nosedived to 18,481.63, losing nearly 400 points, ended the day with a loss of 353.07 points or 1.87% at 18,518.22. The Nifty index of the National Stock Exchange settled at 5574.85, slightly off the day's low of 5560.15, recording a loss of 105.45 points or 1.86%.

Nifty Tips and Forecast for Tomorrow (26th July '11)

2011-07-25T18:54:00.002+05:30

Markets moved up further in late-noon trades as index heavyweight, Reliance saw heavy buying. The Spot Nifty after languishing near the dotted line for most part of the day, surged 46.35 points to a high of 5680.30. The index is now at 5680.30 - up 46.35 points or 0.75 %.

Nifty Futures shut stop at 5687.70 up by 42.15 or 0.75 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5610 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5900 mark.

SUPPORT: It has first support close to the level of 5610 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Forecast for Tomorrow (26th July '11)

2011-07-25T18:52:00.003+05:30

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5900 mark.

SUPPORT: It has first support close to the level of 5610 & below this level the next support is seen near 5490 mark.

Stock Market Updates for Today (25th July '11)

2011-07-25T18:50:00.003+05:30

Hectic buying in heavyweight Reliance Industries and telecom majors Reliance Communications and Bharti Airtel and a few other blue chips, lifted the market that was struggling for close to four hours despite having staged a recovery of sorts after a weak start, to a fairly buoyant close today.

Weakness in Asian and European markets amid growing worries about the U.S. economy following the delay in deciding on hiking the country's debt limit. Caution ahead of some key results and the central bank's monetary policy review, due for release on Tuesday, contributed to the lackluster moves till an hour past noon.

However, with investors turning a bit aggressive and going on a buying spree in telecom stocks, the market gradually started looking up, and gained in strength with Reliance Industries and a few other front line stocks joining the rally up north.

The Sensex, which zoomed to 18,932.27 from a morning low of 18,670.84, ended the session at 18,871.29 with a gain of 148.99 points or 0.8%, while the Nifty settled at 5680.30, around 20 points off the day's high of 5700.55, recording a gain of 46.35 points or 0.82%. The NSE benchmark touched a low of 5616.70 during the day.

Commodity Market Forecast for the Week (25th – 29th July ’11)

2011-07-23T16:31:00.003+05:30

Commodity which i picked for the next week is gold. Gold is in upward phase so i would suggest traders to use the strategy of buying on lower levels if next MCX gold sustains above the level of 22900 then it can test the level of 23400 if it does not break the level of 22850 on the downside. The next commodity which i picked is silver, silver is also in a consolidation phase so traders can use the strategy of buying on lower level if silver sustains above the level of 58500 then above 60000 silver can test the level of 62000. Trade with keeping strict stop loss.

Stock of the Week (25th – 29th July ’11)

2011-07-23T16:29:00.003+05:30

Stock for the next week is ACC. It is looking strong on charts as it is being consolidating with positive biasness from last many trading sessions. It is currently trading above its 10 days and 50 days moving average with 56.18 RSI in daily charts. If it manages to sustain above the level of 995, we may expect an up rally in the stock, one could go for long position in the stock above 998 for the targets of 1020/1040 with strict Stop Loss at 970.

Stock Market Forecast for the Week (25th – 29th July ’11)

2011-07-23T16:28:00.003+05:30

Nifty futures was trading in a range of 5667-5500. Nifty fut closed on a positive note on Friday at 5645.55.

Now 5670 is important resistance on the higher side above which we can expect targets of 5720, 5755.

On the lower side important support levels are 5530 and 5500. Below 5500 we can expect the targets of

5400 and 5310. Short term traders should look to build long positions above 5670 levels.

Nifty Tips and Trend for Tomorrow (25th July '11)

2011-07-22T20:03:00.003+05:30

Markets ended on an upbeat note following positive news of Greece bail out by European Union and gains in banking shares after Axis Bank reported upbeat results. The index finally ended up 92.35 points. Nifty ended at 5633.95 up 92.35 points.

Nifty Futures shut stop at 56445.55 up by 101.35 or 1.83 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5570 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5790 mark.

SUPPORT: It has first support close to the level of 5570 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Forecast for Tomorrow (25th July '11)

2011-07-22T20:00:00.003+05:30

In banking, CNX Bank Index gained 242.15 points or 2.19 %. Amongst the banking index Union Bank of India, Axis Bank and ICICI Bank lead the row.

Bank Nifty Futures shut stop at 11310.60 up by 243.15 or 2.20 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11110 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11110 & below this level the next support is seen near 10975 marks.

Stock Market Updates for The Day (22nd July '11)

2011-07-22T19:58:00.003+05:30

After staying away on the sidelines for a couple of days, the bulls returned to the ring today thanks to a firm trend in global markets on the back of renewed optimism about a solution to the financial crisis in Greece on the back of European leaders agreeing on a new bailout package.

Some strong quarterly numbers from India Inc and the decline in food inflation as revealed by the data released by the government on Thursday, aided sentiment to a notable extent.

Even as they awaited some positive developments from the U.S. where a rise in debt ceiling is expected, investors indulged in some hectic buying in blue chips almost right through the session on Friday.

Bank, information technology, automobile and capital goods stocks surged higher on sustained buying support. Oil, healthcare, metal and telecom stocks moved up as well. There were notable gains for select power and FMCG stocks too. Realty and consumer durables stocks, which saw some weak spells during the session, ended off their lows thanks to some spirited buying in the final minutes.

The Sensex, which opened with a positive gap of around 130 points at 18,565, rose to 18,747.06 and eventually ended the day at 18,722.30 with a strong gain of 286.11 points or 1.55%. The Nifty index of the National Stock Exchange closed at 5633.95, recording a gain of 92.35 points or 1.67%.

Nifty Tips and Trends for Tomorrow (22nd July '11)

2011-07-21T19:23:00.002+05:30

Markets ended in the red due to selling pressure in index heavyweights and weakness across European markets ahead of the new bailout plan for Greece. NIFTY extended losses in late noon trades and touched a low of 5532.50 down 46.20 from the day's high. The index finally ended down -25.45 points. Nifty ended at 5,541.60 - down -25.45 points.

Nifty Futures shut stop at 5547.05 down by -22.50 or -0.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5590 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5670 mark.

SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5440 mark.

Bank Nifty Tips and Forecast for Tomorrow (22nd July '11)

2011-07-21T19:20:00.003+05:30

In banking, CNX Bank Index lost -114.90 points or -1.03 %. Amongst the banking stocks Kotak Mahindra Bank, Bank of Maharashtra and Development Credit Bank lead the row.

Bank Nifty Futures shut stop at 11077 down by -102.45 or -0.92 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10970 else above resistance level of 11230 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11230 above this level the next resistance is seen near to the level of 11405.

SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10800 marks.

Stock Market Updates for Today (21st July' 11)

2011-07-21T19:18:00.003+05:30

A fall in food inflation failed to lift sentiment as investors appeared concerned about the financial worries in the U.S. and Europe. Caution amid a slew of earnings reports too rendered the market weak on Thursday.

The Sensex, which declined around 18,415, edged up a bit from that mark and settled at 18,436.19, recording a loss of 66.19 points or 0.36%. The Nifty closed at 5541.60 with a loss of 25.45 points or 0.46%. The NSE barometer touched a high of 5578.90 and a low of 5532.70 during the day.

Nifty Tips and Forecast for Tomorrow (21st July '11)

2011-07-20T19:42:00.002+05:30

Markets erased all the morning gains, in spite of firm cues from global peers. NIFTY extended losses in late noon trades and touched a low of 5555.10 down 92.25 from the day's high. The index finally ended down -46.50 points at. Nifty ended at 5,567.05 - down 46.50 points. Heavyweights were weak in trades today.

Nifty Futures shut stop at 5565.90 down by 58.40 or -1.04 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5545 else above resistance level of 5670 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark.

SUPPORT: It has first support close to the level of 5545 & below this level the next support is seen near 5440 mark.

Bank Nifty Tips and Trend for Tomorrow (21st July '11)

2011-07-20T19:40:00.002+05:30

In banking, CNX Bank Index lost -173.50 points or -1.53 %. Amongst the banking stocks Indian Overseas Bank, ING Vysya Bank and State bank of Bikaner & Jaipur lead the row.

Bank Nifty Futures shut stop at 11171 down by -173.50 or -1.53 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5545 else above resistance level of 5670 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11080 & below this level the next support is seen near 10975 marks.

Stock Market Updates for Today (20th July '11)

2011-07-20T19:38:00.001+05:30

The BSE benchmark Sensex today shed 151 points as investors sold bluechips across the board on fears of a hike in interest rates to tame inflation and lower- than-expected Q1 earnings posted by IT major Wipro despite a firm trend overseas.

The 30-share Sensex, which gained 147 points yesterday, started on a positive note before tumbling 151.49 points to 18,502.38, with almost all sectoral indices closing in red.

Broad-based National Stock Exchange index Nifty also fell by 46.50 points to 5,567.05, after touching the intra-day high of 5,645.40.

Nifty Tips and Trend for Tomorrow (20th July '11)

2011-07-19T20:06:00.002+05:30

Markets have rebounded smartly to a high, on the back of buying in index heavyweights. The Nifty recovered 100 points from the day's low to touch a high of 5662.10. The NSE benchmark is now up 46.50 points at 5616.55.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark.

SUPPORT: It has first support close to the level of 5546 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Trend for Tomorrow (20th July '11)

2011-07-19T19:13:00.002+05:30

In banking, CNX Bank Index gained 85 points or 0.76 %. Amongst the banking stocks ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 11347 up by 97.60 or 0.87 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 11080 marks.

Stock Market Updates for Today (19th July '11)

2011-07-19T19:12:00.000+05:30

After a shaky start and a subsequent spell in positive territory, the market drifted down into the red a little before noon, but staged a smart rally in afternoon trade and ended on a high note on Tuesday, tracking cues from European bourses where stocks moved higher after a firm start.'

The mood, till an hour past noon, was quite cautious, albeit with a slightly positive bias. Investors appeared in no mood to go on any big buying, perhaps choosing to wait for key results from India Inc. However, following a positive start in European markets, stocks started moving higher in afternoon trade and mostly closed near their best levels of the session.

The Sensex, which rose to 18,690.42 from a low of around 18,481, ended the day at 18,653.87 with a gain of 146.83 points or 0.79%. The National Stock Exchange's Nifty closed at 5613.55, well off the day's low of 5557.20, recording a gain of 46.50 points or 0.84%.

Nifty Tips and Forecast for Tomorrow (19th July '11)

2011-07-18T21:42:00.004+05:30

Indian markets ended a lackluster session in the negative terrain as concerns of economic crisis in Europe and the US hurt sentiments. Gains in realty, metals and power stocks were offset by losses in auto, technology and healthcare space. On the domestic front, the market is likely to take cues from quarterly earnings and policy reforms. The S&P CNX Nifty closed at 5567.05, up -14.05 points or -0.25 %.

RESISTANCE: It has first resistance close to the level of 5610 & above this level the next resistance is seen near the 5670 mark.

SUPPORT: It has first support close to the level of 5545 & below this level the next support is seen near 5440 mark.

Bank Nifty Tips and Trend for Tomorrow (19th July '11)

2011-07-18T21:39:00.003+05:30

In banking, CNX Bank Index lost -5.70 points or -0.05 %. Amongst the banking index stocks Dhanlaxmi Bank, ICICI Bank and State Bank of Travancore lead the row.

Bank Nifty Futures shut stop at 11249.40 up by 3.25 or 0.03 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 10975 marks.

Stock Market Updates for the day (19th July '11)

2011-07-18T21:36:00.003+05:30

The market ended on a negative note after a choppy ride on Monday as investors, amid worries about the current financial crisis in Europe and on a none-too encouraging near term outlook for the U.S. economy, chose to tread cautiously and indulged in some sustained selling almost right through the session.

The start was slightly positive but the market soon gave up early gains, and, after moving modestly higher for close to three hours, slipped into the negative zone and never really found any worthwhile support to wriggle out of the red today. High inflation, weak industrial production data and caution ahead of key results all contributed to the lackluster moves during the session.

The Sensex, which surged to 18,622.56 in early trades, but eased to 18,469.53 later on in the session, ended the day at 18,507.04, netting a loss of 54.88 points or 0.3%. The Nifty index of the National Stock Exchange closed at 5567.05, around 16 points off the day's low of 5550.95, recording a loss of 14.05 points or 0.25%.

Commodity Market Forecast for Coming Week (18th – 22nd July ’11)

2011-07-16T12:34:00.005+05:30

For the next week in commodities nickel can be bullish. As we saw last week nickel was the only metal sustaining at higher levels so for the next week in nickel one should go for buy on lower level strategy if it sustains above 1085 then above 1092 it can touch the level of 1112.

In agri commodities jeera can be bullish. Jeera is forming reverse h&s pattern on charts jeera so one should go for buy on lower level strategy if it sustains above 14450 then above the level 14550 it can touch the level of 14850.

Stock of the Week (18th – 22nd July ’11)

2011-07-16T12:34:00.001+05:30

ITC is forming good consolidation phase in the chart and taking resistance of 205 levels. It breaks this level it will take up move till 210.one should go for long position in ITC above 205.10 for the target of 210, 215 with stop loss of 199.50

Stock Market Forecast for Coming Week (18th – 22nd July ’11)

2011-07-16T12:33:00.002+05:30

Nifty future fails to maintain its last week’s up move and not able to sustain at its 5650 level this week, closed below 5600 mark @ 5591.25 with loss of more than 1% week on week basis.

For coming week nifty future having major resistance @ 5680 above this 5720-5780 will be the major resistance zone for market.

Support comes @ 5500 if breached this level then 5440-5370 will be the major supports for market.

Nifty Tips and Trend for Tomorrow (18th July '11)

2011-07-15T18:28:00.003+05:30

Markets were trading in the red, albeit off the day's low. The Nifty after moving in the green in the early session, slipped into the red on weakness in auto and metal stocks. The S&P CNX Nifty is at 5,581.10 - down 18.70 points.

The Nifty futures closed and settled finally at 5591.25 down by 9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5670 else above resistance level of 5670 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5440 mark.

Bank Nifty Tips and Forecast for Tomorrow (18th July

2011-07-15T18:26:00.002+05:30

In banking, CNX Bank Index lost -29.25 points or -0.26 %. Amongst the banking index stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India lead the row.

Bank Nifty Futures shut stop at 11252 down by -9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11200 else above resistance level of 11405 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 11080 marks.

Stock Market Updates for Today (15th July '11)

2011-07-15T18:25:00.001+05:30

After a positive start on the back of some hectic buying in Tata Consultancy Services following an encouraging report card, the market faltered in the red, and, despite staging a few smart rallies from lower levels, ended in the red on Friday as investors mostly moved on to the sidelines due to weak global cues.

Caution ahead of release of European banks stress tests results and concerns about a weak outlook for the U.S. economy rendered price movements quite sluggish. High inflation, fears of more monetary tightening moves by the Reserve Bank of India too contributed to the weakness.

The Sensex, which tumbled to around 18,513 after an initial upmove, ended the day at 18,561.92 with a loss of 56.28 points or 0.3%. The Nifty closed at 5581.10, down 18.70 points or 0.33% from its previous closing mark. The Nifty touched a high of 5631.70 and a low of 5562.75 during the day.

Nifty Tips and Trend for Tomorrow (15th July '11)

2011-07-14T21:24:00.002+05:30

The markets have extended gains on the back of buying in rate-sensitive stocks. The Nifty after touching a low of 5541.70 has rallied 112.25 points to a high of 5653.95. The S&P CNX Nifty closed at 5599.80, up 14 points or 0.26 %.

The Nifty futures closed and settled finally at 5585.10 down by -14.65 points or 0.26 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5440 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Forecast for Tomorrow (15th July '11)

2011-07-14T21:20:00.001+05:30

In banking, CNX Bank Index gained 121.55 points or 1.09 %. Amongst the banking index stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India lead the row.

Bank Nifty Futures shut stop at 11245 up by 74.70 or 0.67 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11085 & below this level the next support is seen near 10975 marks.

Stock Market Updates for the Day (14 july '11)

2011-07-14T21:17:00.002+05:30

After a weak start and a subsequent fall that kept it in negative territory till a little past noon, the market rebounded sharply as investors indulged in some hectic buying, shrugging off global economic concerns and a weak Indian inflation data. However, a late bout of selling at several counters wiped off most of the gains and resulted in the market closing just modestly higher today.

Asian markets ended on a mixed note with some strong economic data from China aiding a recovery of sorts. However, European markets were mostly lower amid lingering concerns about financial worries in the region.

The Sensex, which spurted to 18,803.05 in late afternoon trade, way off the day's low of 18,449.23, faltered into the red a few minutes before close before finally settling down at 18,618.20, recording a modest gain of 22.18 points or 0.12%.

The broader 50-stock Nifty index of the National Stock Exchange closed at 5599.80, up 14.35 points or 0.26% over its previous closing mark. The Nifty touched a low of 5541.70 and a high of 5653.95 during the session.

Nifty Tips and Trend for Tomorrow (14th July '11)

2011-07-14T01:52:00.002+05:30

The Nifty surged to a high of 5611 in closing trades on the back of fresh buying in realty, oil & gas and auto stocks. The S&P CNX Nifty closed at 5585.45, up 59.30 points or 1.07 %.

The Nifty futures closed and settled finally at 5608.25 up by 68.30 points or 1.23 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5660 else below support level of 5550 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5660 & above this level the next resistance is seen near the 5760 mark.

SUPPORT: It has first support close to the level of 5550 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Forecast for Tomorrow (14th July '11)

2011-07-13T18:46:00.003+05:30

In banking, CNX Bank Index gained 119.70 points or 1.09 %. Amongst the banking index stocks Indus Bank, Indian Bank and yes Bank lead the row.

Bank Nifty Futures shut stop at 11170.30 up by 111.50 or 1.01 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11300 else below support level of 10970 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10810 marks.

Stock Market Update for Today (13th July '11)

2011-07-13T18:41:00.001+05:30

The market opened on a bright note on positive cues from Asia, gained in strength as the session progressed with investors going on some hectic bargain hunting after recent losses, and ended with notable gains on Wednesday.

Though movements remained a bit sideways at times, the market never really was in danger of losing its grip in positive territory as investors kept picking up front line stocks amid expectations of strong results. European markets were a bit mixed amid worries about debt crisis in Greece, Portugal and Ireland, but the mood back home remained fairly upbeat till the closing bell.

The Sensex, which rose to 18,626.41 a few minutes before close, ended the day at 18,596.02, recording a gain of 184.40 points or 1%. The Nifty index of the National Stock Exchange closed at 5585.45, up 59.30 points or 1.07%.

Nifty Tips and Forecast for Tomorrow (13th July '11)

2011-07-13T00:20:00.003+05:30

Markets ended in the red owing to significant weakness in IT stocks. The S&P CNX Nifty closed at 5526.15, down -89.95 points or -1.60 %.

The Nifty futures closed and settled finally at 5539.95 down by -77.10 points or -1.37 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5600 else below support level of 5490 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5600 & above this level the next resistance is seen near the 5660 mark.

SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5330 mark.

Bank Nifty Tips and Trend for Tomorrow (13th July '11)

2011-07-13T00:17:00.003+05:30

In banking, CNX Bank Index lost -112.95 points or -1.01 %. Amongst the banking index stocks Indus Bank, Indian Bank and yes Bank lead the row.

Bank Nifty Futures shut stop at 11058.80 down by -81.40 or 0.73 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11170 else below support level of 10975 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11170 above this level the next resistance is seen near to the level of 11300.

SUPPORT: It has first support close to the level of 10975 & below this level the next support is seen near 10810 marks.

Nifty Tips and Trend for Tomorrow (12th July '11)

2011-07-11T19:42:00.002+05:30

Markets extended losses in late-noon trades on weakness in realty, IT and metal sectors. Negative cues from global markets also took the bourses lower. The S&P CNX Nifty closed at 5616.10, down -44.55 points or -0.79 %.

The Nifty futures closed and settled finally at 5617.05 down by -55.25 points or -0.97 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5660 else below support level of 5600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5660 & above this level the next resistance is seen near the 5760 mark.

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5440 mark.

Bank Nifty Tips and Trend for Tomorrow (12th July '11)

2011-07-11T19:39:00.003+05:30

In banking, CNX Bank Index lost 149.65 points or 1.33 %. Amongst the banking index stocks Axis Bank, Vijaya Bank and Canara Bank lead the row.

Bank Nifty Futures shut stop at 11145.60 down by -176.95 or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11300 else below support level of 11090 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11090 & below this level the next support is seen near 10990 marks.

Stock Market Updates for Today (11th July '11)

2011-07-11T19:36:00.001+05:30

Caution ahead of key earnings reports and weak global markets triggered a sell-off and pushed down stocks to a negative close on the major Indian bourses on Monday. Some profit booking after recent gains contributed to the decline as well.

After moving in a narrow range following a weak start, stocks, led by frontliners from information technology, realty, banking and metal sectors, declined sharply and eventually ended on a negative note. Power and capital goods stocks, which found some support midway through the session, failed to hold at higher levels and ended weak.

Select FMCG and consumer durables stocks edged higher. Oil, automobile and healthcare stocks mostly ended flat. Midcap and smallcap stocks drifted down after moving in a tight band for a significant length of time.

While the Sensex, which declined to 18,679.49 in late afternoon trade, ended the day with a loss of 136.65 points or 0.72% at 18,721.39, the Nifty closed at 5616.10, nearly 15 points off the day's low of 5601.70, recording a loss of 44.55 points or 0.79%.

Shares to buy Tomorrow (11th July '11)

2011-07-09T15:53:00.003+05:30

Bullish Stocks for Tomorrow

Videocon Industries Ltd. - Buy above 201.50 and target for 202, 203.50, 205.

Marico Ltd. - Buy above 165.50 and target for 166.50, 167.50, 169.

Housing Development & Infrastructure Ltd. - Buy above 173.50 and target for 174.50, 175.50, 177.

IRB Infrastructure Developers Ltd. - Buy above 176.50 and target for 177.50, 178.50, 180

DLF Ltd. - Buy above 238.50 and target for 240, 241.50, 243

CLICK HERE TO GET FREE STOCKS TO BUY FOR ONE MONTH

Shares to Sell Tomorrow (11th July '11)

2011-07-09T15:20:00.001+05:30

Bearish Stocks for Tomorrow

Sterlite Industries (India) Ltd. - Sell below 162.50 and target for 161.50, 160.50, 159.50.

Crompton Greaves Ltd. - Sell below 251.50 and target for 250, 248.50, 247.

Hindalco Industries Ltd. - Sell below 187 and target for 186, 185, 183.50.

Steel Authority of India (SAIL) Ltd. - Sell below 135.70 and target for 134.70, 133.

Zee Entertainment Enterprises Ltd. - Sell below 127.50 and target for 126.50, 125.

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Nifty Tips and Forecast for Tomorrow (11th July '11)

2011-07-08T19:15:00.002+05:30

Markets extended losses in the last leg of the trade and declined 1% due to selling pressure in financial and mining shares. The S&P CNX Nifty closed at 5660.65, down -68.30 points or 1.19 %.

The Nifty futures closed and settled finally at 5664 down by -80.60 points or -1.40 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5870 mark.

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Trend for Tomorrow (11th July '11)

2011-07-08T19:14:00.002+05:30

In banking, CNX Bank Index gained 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India lead the row.

Bank Nifty Futures shut stop at 11459 up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11500 else below support level of 11270 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.

Stock Market Updates for the today (8th July '11)

2011-07-08T19:12:00.001+05:30

Despite a sell-off in metal stocks in early trades, the market was down just marginally for well over a couple of hours this morning as stocks from most of the other sectors, especially those from the realty space, found modest support and even managed to post some gains.

However, after moving sideways till about the penultimate hour, the market plunged sharply on heavy selling almost across the board and ended the day with sharp losses. Besides a sell-off in metal stocks following a Group of Ministers' approval for a draft Mining Bill, caution ahead of the weekend and quarterly earnings reports too contributed to the weak close of the market on Friday.

The Sensex, which rose to 19,131.70 in early trades, plunged to 18,817.71 in the final hour and settled at 18,858.04, recording a loss of 220.26 points or 1.15%. The Nifty settled at 5660.65, slightly off the day's low of 5651.05, netting a loss of 68.30 points or 1.19%.

Hot Stocks to Buy Tomorrow (8th July '11)

2011-07-07T23:50:00.003+05:30

Bullish Shares for Tomorrow Trading. Trade on these calls only in NSE.

ITC Ltd. - Buy above 204.50 and target for 205.50, 207, 209.

ACC Ltd. - Buy above 995 and target for 1001, 1007, 1014.

Cairn India Ltd. - Buy above 323 and target for 325, 327, 329.

Dr. Reddy's Laboratories Ltd. - Buy above 1572 and target for 1582, 1592, 2002.

JSW Steel Ltd. - Buy above 915 and target for 921, 927, 933.

Hot Stocks to Sell Tomorrow (8th July '11)

2011-07-07T23:19:00.002+05:30

Bearish Shares for Tomorrow Trading. These Tips are only to trade in NSE.

Tecpro Systems Ltd. - Sell Below 275.50 and target for 274, 272, 270.

UTV Software Communications Ltd. - Sell Below 786 and target for 781, 776, 771.

Sun TV Network Ltd. - Sell Below 320.50 and target for 319, 317, 315.

IRB Infrastructure Developers Ltd. - Sell Below 172 and target for 171, 170, 169.

MOIL Ltd. - Sell Below 354 and target for 352, 350, 347.

Nifty Tips and Trend for Tomorrow (8th July '11)

2011-07-07T21:15:00.003+05:30

Markets advanced 2% following firm global cues, sustained investment by foreign institutional investors and rally in heavyweight Reliance Industries. The S&P CNX Nifty closed at 5,728.95, up 103.50 points or 1.84 %.

The Nifty futures closed and settled finally at 5745.30 up by 108.65 points or 1.93 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5870 mark.

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Forecast for Tomorrow (8th July '11)

2011-07-07T21:12:00.003+05:30

In banking, CNX Bank Index gained 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India lead the row.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.

Stock Market Updates for Today (7th July '11)

2011-07-07T20:11:00.004+05:30

The market opened on a firm note this morning and kept moving higher and higher as the session progressed with the bulls, presumably FIIs, staying aggressive right till the end of the day.

Though Asian markets ended on a mixed note, a firm trend on the European bourses and a decline in food inflation kept the mood upbeat today. The market shrugged off concerns about a possible decline in earnings of India Inc in the April - June 2011 quarter, and the ongoing investigation in the 2G scam that has resulted in the Union Textiles Minister Dayanidhi Maran submitting his resignation from the cabinet.

The Sensex, which opened with a positive gap of around 50 points at 18,776.62, sped past the psychological 19,000 mark in late afternoon trade and ended at 19,078.30 with a handsome gain of 351.33 points or 1.88%. The benchmark hit a high of 19,097.78.

The Nifty index of the National Stock Exchange, which vaulted to 5737.15, settled at 5728.95, recording a gain of 103.50 points or 1.84%.

Shares to Buy Tomorrow (7th July '11)

2011-07-07T00:12:00.003+05:30

Bullish Stocks to Buy Tomorrow

I am giving all of my blog's visitors a list of 5 Stocks to Buy Tomorrow for huge gains. I have recommended these stocks for NSE and it is requested to trade these stocks strictly in NSE only. Buy them above the mentioned level and trade for the targets mentioned and enjoy profits. Please to divide your trading money in equal amounts and trade in all stocks with the same amount of money so that you come out with net profit in whole trade.

Bharat Forge Ltd. - Buy above 324 and target for 326, 328, 330.

Sesa Goa Ltd. - Buy above 292.50 and target for 294, 296, 298.

Tata Motors Ltd. - Buy above 1040 and target for 1046, 1053, 1060.

JSW Steel Ltd. - Buy above 893 and target for 898, 903, 910.

Bata India Ltd. - Buy above 618 and target for 622, 624, 630.

Shares to Sell Tomorrow (7th July '11)

2011-07-06T23:31:00.002+05:30

Bearish Stocks to Sell Tomorrow

Below is a list of Stocks to Sell Tomorrow for huge gains. These stocks are recommended for NSE and it is requested to trade these stocks in NSE only. Sell them below the mentioned level and trade for the targets mentioned and enjoy profits. Be sure to divide your trading money in equal amounts and trade in all stocks so that you come out with net profit in whole trade.

LIC Housing Finance Ltd. - Sell below 223 and target for 222, 221, 219.

IRB Infrastructure Developers Ltd. - Sell below 168.25 and target for 167.25, 166.25, 165.

Dr. Reddy's Laboratories Ltd. - Sell below 1521 and target for 1511, 1491, 1481.

MOIL Ltd. - Sell below 347 and target for 345, 343, 340.

ICICI Bank Ltd. - Sell below 1071 and target for 1065, 1058, 1051.

Nifty Tips and trend for Tomorrow (7th July '11)

2011-07-06T18:35:00.003+05:30

Markets ended a volatile day on a flat note with selling pressure witnessed in banking heavyweights. The Nifty touched a high of 5667.50 on sustained buying from FIIs in early trades. However, the index changed direction and slipped 44.65 points from the day's high to touch a low of 5655.40.The S&P CNX NIFTY ended at 5625.45 down -6.65 points or -0.12 %.

The Nifty futures closed and settled finally at 5636.65 up by -14.45 points or -0.26 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5726 mark.

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark.

Bank Nifty Tips and Forecast for Tomorrow (7th July '11)

2011-07-06T18:32:00.003+05:30

In banking, CNX Bank Index lost -123.05 points or -1.08 %. Amongst the banking stocks Canara Bank, UCO Bank and Lakshmi Vilas Banks lead the row.

Bank Nifty Futures shut stop at 11317.80 down by -134.25 or -1.17 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11480 else below support level of 11280 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11480 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11280 & below this level the next support is seen near 11090 marks.

Stock Market Updates for Today (6th July '11)

2011-07-06T18:30:00.003+05:30

Shrugging off a weak start, the market rallied smartly in early trades this morning, resulting in the Sensex recording a gain of nearly 80 points, but faltered soon as cautious investors chose to book some profits in several front line stocks.

There were a couple of rallies from lower levels, but the market failed to sustain at higher levels and eventually finished in negative territory, hurt by weakness exhibited by stocks on the European bourses following a downgrade of Portugal's sovereign ratings.

The Sensex, which rose to 18,823.45 during the first hour, eased to 18,682.60 and finally settled at 18,726.97, recording a loss of 17.59 points or 0.09%. The Nifty index of the National Stock Exchange closed at 5625.45, netting a loss of 6.65 points or 0.12%. The Nifty touched a high of 5655.40 and a low of 5610.75 during the day.

Stocks to Buy Tomorrow (6th July '11)

2011-07-05T21:19:00.002+05:30

Bullish Shares for Tomorrow

Jubilant Foodworks Ltd. - Buy above 839 and target for 844, 849, 855.

Reliance Capital Ltd. - Buy above 612 and target for 616, 620, 624.

Hindustan Petroleum Corporation Ltd. - Buy above 405 and target for 407, 410, 413.

Ranbaxy Laboratories Ltd. - Buy above 550 and target for 553, 557, 561.

Tata Chemicals Ltd. - Buy above 380 and target for 382, 384, 387.

Stocks to Sell Tomorrow (6th July '11)

2011-07-05T21:17:00.002+05:30

Bearish Shares for Tomorrow

Bharat Heavy Electricals Ltd. - Sell below 1942 and target for 1930, 1918, 1904.

Cairn India Ltd. - Sell below 311 and target for 309, 307, 305.

Crompton Greaves Ltd. - Sell below 258.50 and target for 257, 255, 253.

Reliance Industries Ltd. - Sell below 842 and target for 837, 832, 826.

Indian Bank - Sell below 214 and target for 213, 212, 210.