Friday, 20 January 2012

STOCK MARKET TODAY: 23RD JANUARY 2012


NIFTY SPOT LEVEL: 23RDJANUARY 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: 23RD 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 : 20THJANUARY 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 : 23RD 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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