Monday, 16 January 2012

STOCK MARKET TODAY: 17TH JANUARY 2012


NIFTY SPOT LEVEL: 17THJANUARY 2012
Tomorrow trading is expected between the broad levels of 4985-4775. If the market breaches the level of 4935 on the upper side then the next resistance level will be 4985. But if nifty breaches the support level of 4825 then it may go down till the level of 4775.

SUPPORT LEVELS

Support 1: 4825
Support 2: 4775
RESISTANCE LEVELS
Resistance 1: 4935
Resistance 2: 4985
BANK NIFTY FUTURES: 17TH JANUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9185-8755. 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: 16THJANUARY 2012

SENSEX ended at 16,189, up 34 points from the last close. It earlier touched a day's high of 16,257 after opening at a day's low of 16,049. The NIFTY settled at 4,874, up 8 points. It hit a day’s high of 4,880 and day’s low of 4,827.

The Small-Cap index rose 0.3% while the Mid-Cap index remained unchanged.CNX MIDCAP 50 index was up 0.03% and S&P CNX 500 was up 0.16%.

Nifty Gainers

Today’s nifty top gainer were :
BHEL changed 3.8% with 15,398,000 volumes.

MARUTI changed 3.2% with 3,733,000 volumes.

STERLITE changed 2.7% with 3,106,000 volumes.

Nifty Losers :

Today’s nifty top losers were:

R.POWER with volume 58,000 and changed -2.9%.
NTPC with volume 58,000 and changed -2.6%.
RELIANCE INDUS. with volume 2,838,000 and changed -2.6%.
STOCKS MARKET TRADING TIPS : 17TH JANUARY 2012

BUY MARUTI FUTURES ABOVE 1020.65
First Target 1021
Second Target 1022
Stop Loss 1018

BUY IDBI ABOVE 92.75
First Target 93.75
Second Target 95
Stop Loss 90

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