Technically, the Nifty has managed to close above the psychological 4800 mark. However, the index has closed below the 50 DMA after attempting to surge past the resistance level of 4880.
NIFTY SPOT LEVEL: 13THJANUARY 2012
Tomorrow trading is expected between the broad levels of 4735-4940. If the market breaches the level of 4885 on the upper side then the next resistance level will be 4940. But if nifty breaches the support level of 4780 then it may go down till the level of 4735.
SUPPORT LEVELS
Support 1: 4780
Support 2: 4735
RESISTANCE LEVELS
Resistance 1: 4885
Resistance 2: 4940
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8755-9185. Bank nifty futures can go down till the level of 8755 once it breaks the level of 8865. On the opposite side once breaking the level of 9075, it is expected to go upward till the level of 9185. Bank nifty will be trading between the narrow ranges of 8865-9075.
SUPPORT LEVELS
Support 1: 8865
Support 2: 8755
RESISTANCE LEVELS
Resistance 1: 9075
Resistance 2: 9185
The BSE Mid-Cap index gained 0.26% while the BSE Small-Cap index was up around 0.15%.CNX MIDCAP 50 index was up 0.54% and S&P CNX 500 was up 0.67%.
Nifty Gainers
Today’s nifty top gainer were :
SESA GOA changed 5.2% with 15,398,000 volumes.
IDFC changed 3.6% with 3,733,000 volumes.
JP ASSOCIATES changed 3.2% with 3,106,000 volumes.
Nifty Losers
Today’s nifty top losers were:
INFOSYS with volume 58,000 and changed -8.4%.
TCS with volume 2,838,000 and changed -4.2%.
WIPRO with volume 1,750,000 and changed -2.5%.
SELL INFOSYS BELOW 2580
First Target 2570
Second Target 2560
Stop Loss 2600
BUY R.COMM ABOVE 83
First Target 85
Second Target 87
Stop Loss 79
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