NIFTY SPOT LEVEL: 2ND JANUARY 2012
Tomorrow trading is expected between the broad levels of 4575-4725. If the market breaches the level of 4680 on the upper side then the next resistance level will be 4725. But if nifty breaches the support level of 4575 then it may go down till the level of 4530.
SUPPORT LEVELS
Support 1: 4575
Support 2: 4530
RESISTANCE LEVELS
Resistance 1: 4680
Resistance 2: 4725
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 7745-8150. Bank nifty futures can go down till the level of 7745 once it breaks the level of 7855. On the opposite side once breaking the level of 8045, it is expected to go upward till the level of 8150. Bank nifty will be trading between the narrow ranges of 7855-8045.
SUPPORT LEVELS
Support 1: 7855
Support 2: 7745
RESISTANCE LEVELS
Resistance 1: 8045
Resistance 2: 8150
BSE SENSEX could not hold it even above 15500 mark after closing below 15600 mark yesterday. It closed the lid today at 15454 down 89 points. And NSE NIFTY put the lid down 21 points at 4626.
The BSE SMALL-CAP index was up 0.09 and the BSE MIDCAP index was up 0.35% apiece.
CNX MIDCAP index was up 0.55% and S&P CNX 500 was down -0.27%.
Nifty Gainers
Today’s nifty top gainer were :
CAIRN INDIA changed 3.3%.With volume 1,336,735.
R.COMM with volume 7,850,303 and changed 2.9%.
SESA GOA changed 2.2% with volume of 2,524,892.
Nifty Losers
Today’s nifty top losers were:
KOTAK volume 6,696,9151and changed [3.5] %.
IDFC with volume 4,408,331and changed [3.3] %.
RELIANCE INDUS with volume 3,731,427and changed [2.7] %.
BUY UNION BANK ABOVE 170
First Target 171
Second Target 172
Stop Loss 168
First Target 50.00
Second Target 50.50
Stop Loss 48
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