Friday, 13 January 2012

STOCK MARKET TODAY: 16TH JANUARY 2012


NIFTY SPOT LEVEL: 16THJANUARY 2012
Today trading is expected between the broad levels of 4765-4955. If the market breaches the level of 4915 on the upper side then the next resistance level will be 4955. But if nifty breaches the support level of 4815 then it may go down till the level of 4765.

SUPPORT LEVELS

Support 1: 4815
Support 2: 4765
RESISTANCE LEVELS
Resistance 1: 4915
Resistance 2: 4955
BANK NIFTY FUTURES: 16TH JANUARY 2012
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
STOCK MARKET ANALYSIS: 13THJANUARY 2012

BSE Sensex was up 116.16 points or 0.72%, up about 105 points from the day's low and off about equal points from the day's high. The market breadth was strong. While the Nifty soared 36 points to close at 4867.

The BSE Mid-Cap index gained 1.14% while the BSE Small-Cap index was up around 1.44%.CNX MIDCAP 50 index was up 0.92% and S&P CNX 500 was up 0.78%.

Nifty Gainers

Today’s nifty top gainer were :
RELIANCE POWER changed 7.6% with 15,398,000 volumes.

TATA STEEL changed 6.9% with 3,733,000 volumes.

R.COMM changed 5.8% with 3,106,000 volumes.

Nifty Losers

Today’s nifty top losers were:

GAIL with volume 58,000 and changed -3.1%.
BAJAJ AUTO with volume 58,000 and changed -3.0%.
HCL with volume 2,838,000 and changed -2.0%.
STOCKS MARKET TRADING TIPS : 16TH JANUARY 2012

SELL IDEA BELOW 87.25
First Target 89
Second Target 91
Stop Loss 83

BUY IFCI ABOVE 26
First Target 27
Second Target 28
Stop Loss 24

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