STOCK MARKET TODAY: 19TH JANUARY 2012

NIFTY SPOT LEVEL: 19^THJANUARY 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: 19^TH 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 REVIEW: 19^THJANUARY 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 TO PICK: 19^TH 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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