Monday, 2 January 2012

STOCK MARKET TODAY: 3RD JANUARY 2012


NIFTY SPOT LEVEL: 3RDJANUARY 2012
Tomorrow trading is expected between the broad levels of 4530-4735. If the market breaches the level of 4685 on the upper side then the next resistance level will be 4735. But if nifty breaches the support level of 4585 then it may go down till the level of 4530.

SUPPORT LEVELS 

Support 1: 4585
Support 2: 4530
RESISTANCE LEVELS
Resistance 1: 4685
Resistance 2: 4735
BANK NIFTY FUTURES: 3RD JANUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 7820-8205. Bank nifty futures can go down till the level of 7820 once it breaks the level of 7910. On the opposite side once breaking the level of 8115, it is expected to go upward till the level of 8205. Bank nifty will be trading between the narrow ranges of 7910-8115.

SUPPORT LEVELS
Support 1: 7910
Support 2: 7820
RESISTANCE LEVELS 
Resistance 1: 8115
Resistance 2: 8205
STOCK MARKET REVIEW: 2ND JANUARY 2012

BSE Sensex ended at 15,517, up 63 points or 0.4% over the previous close. It had earlier touched a day’s high of 15,542 and a day’s low of 15,358. It had opened at 15,534. NSE Nifty closed at 4,636, up 12 points or ~0.3% over the previous close. It earlier touched a day’s high of 4,645 and a day’s low of 4,588. It had opened at 4,640.

The BSE Mid-Cap index was almost unchanged and the BSE Small-Cap index ended slightly higher, up 0.11%.
CNX MIDCAP 50 index was up 0.67% and S&P CNX 500 was up 0.13%.

Nifty Gainers

Today’s nifty top gainer were :
COAL INDIA changed 3.8%.With volume 1,336,735.
TATA MOTORS with volume 7,850,303 and changed 2.9%.
R.COMM changed 2.9% with volume of 2,524,892.
Nifty Losers

Today’s nifty top losers were:

BAJAJ AUTO volume 6,696,9151and changed [7.3] %.
SESA GOA with volume 4,408,331and changed [3.9] %.
HERO MOTOCOP with volume 3,731,427and changed [3.5] %.
STOCKS TO PICK: 2ND JANUARY 2012

SELL BAJAJ AUTO BELOW 1475
First Target 1470
Second Target 1465
Stop Loss 1485

BUY GRAVITA INDIA ABOVE 405
First Target 409
Second Target 413
Stop Loss 397

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