Wednesday, 4 January 2012

STOCK MARKET TODAY: 5TH JANUARY 2012


NIFTY SPOT LEVEL: 5THJANUARY 2012
Tomorrow trading is expected between the broad levels of 4645-4845. If the market breaches the level of 4800 on the upper side then the next resistance level will be 4845. But if nifty breaches the support level of 4685 then it may go down till the level of 4645.

SUPPORT LEVELS 

Support 1: 4685
Support 2: 4645
RESISTANCE LEVELS
Resistance 1: 4800
Resistance 2: 4845
BANK NIFTY FUTURES: 5TH JANUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8190-8590. Bank nifty futures can go down till the level of 8190 once it breaks the level of 8280. On the opposite side once breaking the level of 8485, it is expected to go upward till the level of 8590. Bank nifty will be trading between the narrow ranges of 8280-8485.

SUPPORT LEVELS
Support 1: 8280
Support 2: 8190
RESISTANCE LEVELS 
Resistance 1: 8485
Resistance 2: 8590
STOCK MARKET REVIEW: 4THJANUARY 2012

BSE SENSEX ended at 15,882, down 56 points or 0.4% from the last close. It earlier touched a day's high of 16,004 and day’s low of 15,822.  NSE NIFTY closed at 4750 marginally down 16 points. The index hit an intra-day high of 4783 and an intra-day low of 4723.

The BSE Mid-Cap index gained 0.2% while the BSE Small-Cap index was up 0.2%.CNX MIDCAP 50 index was down 0.26% and S&P CNX 500 was down 0.16%.

Nifty Gainers

Today’s nifty top gainer were :
HCL changed 3.8%.With volume 1,336,735.
TATA MOTORS with volume 7,850,303 and changed 3.7%.
RANBAXY changed 2.7% with volume of 2,524,892.
Nifty Losers

Today’s nifty top losers were:
BAJAJ AUTO volume 6,696,9151and changed [4.6] %.
M&M with volume 4,408,331and changed [3.8] %.
ACC CEMENT with volume 3,731,427and changed [3.4] %.
STOCKS TO PICK: 5TH JANUARY 2012

BUY COX & KINGS ABOVE 170
First Target 171
Second Target 172
Stop Loss 168

BUY HINDCOPPER ABOVE 255
First Target 256
Second Target 257
Stop Loss 253

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