Tuesday, 10 January 2012

STOCK MARKET TODAY: 11TH JANUARY 2012


NIFTY SPOT LEVEL: 11THJANUARY 2012
Tomorrow trading is expected between the broad levels of 4745-4945. If the market breaches the level of 4895 on the upper side then the next resistance level will be 4945. But if nifty breaches the support level of 4800 then it may go down till the level of 4745.

SUPPORT LEVELS 

Support 1: 4800
Support 2: 4745
RESISTANCE LEVELS
Resistance 1: 4895
Resistance 2: 4945
BANK NIFTY FUTURES: 11TH JANUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8555-8995. Bank nifty futures can go down till the level of 8555 once it breaks the level of 8665. On the opposite side once breaking the level of 8875, it is expected to go upward till the level of 8995. Bank nifty will be trading between the narrow ranges of 8665-8875.

SUPPORT LEVELS
Support 1: 8665
Support 2: 8555
RESISTANCE LEVELS 
Resistance 1: 8875
Resistance 2: 8995
STOCK MARKET ANALYSIS : 10THJANUARY 2012

BSE SENSEX ended at 16,165.09, up 350.37 points from the last close. It earlier touched a day's high of 16,180.97 and day’s low of 15,898.32. NSE NIFTY closed at 4,849.55, 107 points up. The index hit an intra-day high of 4,855.90 and an intra-day low of 4,768.25.

The BSE Mid-Cap index gained 2.24% while the BSE Small-Cap index was up around 2.63%.CNX MIDCAP 50 index was up 3.48% and S&P CNX 500 was up 2.27%.

Nifty Gainers

Today’s nifty top gainer were :
CAIRN INDIA changed 3.9%.With volume 1,336,735.
PNB BANK with volume 7,850,303 and changed 3.5%.
BAJAJ AUTO changed 3.0% with volume of 2,524,892.
Nifty Losers

Today’s nifty top losers were:
DLF volume 23749.74 and changed [3.8] %.
GAIL with volume 4,408,331and changed [3.4] %.
RELIANCE IND. with volume 3,731,427and changed [2.3] %.
STOCKS MARKET TRADING TIPS : 11TH JANUARY 2012

BUY JSW STEEL ABOVE 632
First Target 635
Second Target 638
Stop Loss 626

BUY TATA MOTORS ABOVE 206
First Target 208
Second Target 210
Stop Loss 202

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