STOCK MARKET TODAY: 23RD JANUARY 2012

NIFTY SPOT LEVEL: 23^RDJANUARY 2012

Tomorrow trading is expected between the broad levels of 4955-5145. If the market breaches the level of 5095 on the upper side then the next resistance level will be 5145. But if nifty breaches the support level of 5005 then it may go down till the level of 4955.

SUPPORT LEVELS

Support 1: 5005

Support 2: 4955

RESISTANCE LEVELS

Resistance 1: 5095

Resistance 2: 5145

BANK NIFTY FUTURES: 23^RD JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9315-9755. Bank nifty futures can go down till the level of 9315 once it breaks the level of 9420. On the opposite side once breaking the level of 9635, it is expected to go upward till the level of 9755. Bank nifty will be trading between the narrow ranges of 9420-9635.

SUPPORT LEVELS

Support 1: 9420

Support 2: 9315

RESISTANCE LEVELS 

Resistance 1: 9635

Resistance 2: 9755

STOCK MARKET ANALYSIS : 20^THJANUARY 2012

The SENSEX closed 95 points higher at 16739 and the NIFTY rose 30 points to settle at 5049. Heavy buying interest in the banking stocks led the rally today.

The Small-Cap index rose 0.08% while the Mid-Cap index went up by 0.18 %.CNX MIDCAP 50 index was up 0.55% and S&P CNX 500 was up 0.53%.

Nifty Gainers

Today’s nifty top gainer were :

BAJAJ AUTO changed 6.63% with 2163086 volumes.

AXIS BANK changed 6.59% with 4924504 volumes.

ICICI BANK changed 6.25% with 9647998 volumes.

Nifty Losers

Today’s nifty top losers were:

ITC with volume 17214445 and changed -4.40%.

M&M with volume 427975 and changed -3.48%.

BHARTI AIRTEL with volume 4478467 and changed -2.46%.

STOCKS MARKET TRADING TIPS : 23^RD JANUARY 2012

SELL SUN TV FUTURES BELOW 276

First Target 274

Second Target 272

Stop Loss 280

BUY INDIA BULL & FINANCIAL SERVICES ABOVE 184

First Target 186

Second Target 188

Stop Loss 180

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