STOCK MARKET TODAY: 16TH JANUARY 2012

NIFTY SPOT LEVEL: 16^THJANUARY 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: 16^TH 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: 13^THJANUARY 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 : 16^TH 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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