STOCK MARKET TODAY: 24TH JANUARY 2012

NIFTY SPOT LEVEL: 24^TH JANUARY 2012

Tomorrow trading is expected between the broad levels of 4955-5145. If the market breaches the level of 5095 on the upper side then the next resistance level will be 5145. But if nifty breaches the support level of 5005 then it may go down till the level of 4955.

SUPPORT LEVELS

Support 1: 5005

Support 2: 4955

RESISTANCE LEVELS

Resistance 1: 5095

Resistance 2: 5145

BANK NIFTY FUTURES: 24^TH JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9315-9755. Bank nifty futures can go down till the level of 9315 once it breaks the level of 9420. On the opposite side once breaking the level of 9635, it is expected to go upward till the level of 9755. Bank nifty will be trading between the narrow ranges of 9420-9635.

SUPPORT LEVELS

Support 1: 9420

Support 2: 9315

RESISTANCE LEVELS 

Resistance 1: 9635

Resistance 2: 9755

STOCK MARKET ANALYSIS : 23^rd JANUARY 2012

SENSEX ended at 16,751, up 12 points from the last close. It earlier touched a day's high of 16,784 and low of 16,659. The NIFTY settled at 5,046, marginally down 2 points.

BSE Small-Cap index was up 0.3% while the BSE Mid-Cap index finished virtually flat. .CNX MIDCAP 50 index was up 0.12% and S&P CNX 500 was closed unchanged.

Nifty Gainers

Today’s nifty top gainer were :

MARUTI changed 5.75% with 2590616 volumes.

BHEL changed 2.94% with 5992359 volumes.

DLF changed 2.92% with 6479862 volumes.

Nifty Losers

Today’s nifty top losers were:

STERLITE with volume 8204466 and changed -6.01%.

M&M with volume 9068528 and changed -4.91%.

BHARTI AIRTEL with volume 589238 and changed -4.18%.

STOCKS MARKET TRADING TIPS  24^th  JANUARY 2012

BUY GUJRAT FLURO CHEMICALS ABOVE 453

First Target 455

Second Target 457

Stop Loss 449

BUY MARUTI FUTURES ABOVE 1175        

First Target 1180

Second Target 1185

Stop Loss 1165

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