STOCK MARKET TODAY: 20TH JANUARY 2012

NIFTY SPOT LEVEL: 20^THJANUARY 2012

Tomorrow trading is expected between the broad levels of 4915-5065. If the market breaches the level of 5065 on the upper side then the next resistance level will be 5120. But if nifty breaches the support level of 4970 then it may go down till the level of 4915.

SUPPORT LEVELS 

Support 1: 4970

Support 2: 4915

RESISTANCE LEVELS

Resistance 1: 5065

Resistance 2: 5120

BANK NIFTY FUTURES: 20^TH JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8915-9435. Bank nifty futures can go down till the level of 8915 once it breaks the level of 9105. On the opposite side once breaking the level of 9320, it is expected to go upward till the level of 9435. Bank nifty will be trading between the narrow ranges of 9105-9320.

SUPPORT LEVELS

Support 1: 9105

Support 2: 8915

RESISTANCE LEVELS 

Resistance 1: 9320

Resistance 2: 9435

STOCK MARKET ANALYISIS : 19^THJANUARY 2012

The last time, the Nifty was above 5000 was on December 7th 2011. Sensex ended at 16,643, up 192 points from the last close. It earlier touched a day's high of 16,662 after opening at a day's low of 16,572. Nifty settled at 5,018, up 62 points. It hit a day’s high of 5,024 and day’s low of 4,991.

The Small-Cap index rose 1.24% while the Mid-Cap index went up by 1.43%.CNX MIDCAP 50 index was up 1.84% and S&P CNX 500 was up 1.29%.

Nifty Gainers

Today’s nifty top gainer were :

RELIANCE INFRA changed 10.46% with 5829840 volumes.

TATA POWER changed 6.54% with 12176571 volumes.

STERLITE changed 2.7% with 13839687 volumes.

Nifty Losers

Today’s nifty top losers were:

BHEL with volume 6643104 and changed -2.69%.

M&M with volume 3031357 and changed -1.47%.

BHARTI AIRTEL. with volume 4204639 and changed -1.33%.

STOCKS MARKLET TRADING TIPS : 20^TH JANUARY 2012

SELL M&M FUTURES BELOW 670

First Target 667

Second Target 664

Stop Loss 676

BUY DR. REDDY ABOVE 1700

First Target 1715

Second Target 1730

Stop Loss 1670

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