Wednesday, 11 January 2012

STOCK MARKET TODAY: 12TH JANUARY 2012


NIFTY SPOT LEVEL: 12THJANUARY 2012
Tomorrow trading is expected between the broad levels of 4795-4965. If the market breaches the level of 4925 on the upper side then the next resistance level will be 4965. But if nifty breaches the support level of 4845 then it may go down till the level of 4795.

SUPPORT LEVELS 

Support 1: 4845
Support 2: 4795
RESISTANCE LEVELS
Resistance 1: 4925
Resistance 2: 4965
BANK NIFTY FUTURES: 12TH JANUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8555-9045. Bank nifty futures can go down till the level of 8655 once it breaks the level of 8765. 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: 8765
Support 2: 8655
RESISTANCE LEVELS 
Resistance 1: 8965
Resistance 2: 9045
STOCK MARKET ANALYSIS : 11THJANUARY 2012

BSE SENSEX ended at 16,175.86, up 10.77 points from the last close. It earlier touched a day's high of 16,244.70 and day’s low of 16,127.77. NSE NIFTY closed at 4,860.95, 11.40 points up. The index hit an intra-day high of 4,877.20 and an intra-day low of 4,841.60.

The BSE Mid-Cap index gained 1.00% while the BSE Small-Cap index was up around 1.32%.CNX MIDCAP 50 index was up 1.10% and S&P CNX 500 was up .53%.

Nifty Gainers

Today’s nifty top gainer were :
HINDALCO changed 5.85% with 15,398,000 volumes.

SESAGOA changed 5.64% with 3,733,000 volumes.

AXIS BANK changed 5.45% with 3,106,000 volumes.

Nifty Losers

Today’s nifty top losers were:

GRASIM INDUSTRIES with volume 58,000 and changed -2.49%.
TCS with volume 2,838,000 and changed -2.56%.
JINDAL STEEL with volume 1,750,000 and changed -2.63%.
STOCKS MARKET TRADING TIPS : 12TH JANUARY 2012

BUY DLF ABOVE 192
First Target 194
Second Target 196
Stop Loss 188

BUY TATA MOTORS ABOVE 581
First Target 583
Second Target 585
Stop Loss 576

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