Thursday 5 January 2012

STOCK MARKET TODAY: 6TH JANUARY 2012


NIFTY SPOT LEVEL: 6THJANUARY 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: 6TH JANUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8115-8430. Bank nifty futures can go down till the level of 8115 once it breaks the level of 8320. On the opposite side once breaking the level of 8325, it is expected to go upward till the level of 8430. Bank nifty will be trading between the narrow ranges of 8320-8325.

SUPPORT LEVELS
Support 1: 8320
Support 2: 8115
RESISTANCE LEVELS 
Resistance 1: 8325
Resistance 2: 8430
STOCK MARKET ANALYSIS : 5THJANUARY 2012

BSE SENSEX ended at 15,857, down 25 points from the last close. It earlier touched a day's high of 15,980 and day’s low of 15,809. NSE NIFTY closed at 4749.95, nearly unchanged. The index hit an intra-day high of 4780 and an intra-day low of 4730.

The BSE Mid-Cap index LOST 0.69% while the BSE Small-Cap index was up around 11.85%.CNX MIDCAP 50 index was down 0.26% and S&P CNX 500 was up 0.03%.

Nifty Gainers

Today’s nifty top gainer were :
CAIRN INDIA changed 3.9%.With volume 1,336,735.
PNB BANK with volume 7,850,303 and changed 3.5%.
BAJAJ AUTO changed 3.0% with volume of 2,524,892.
Nifty Losers

Today’s nifty top losers were:

DLF volume 23749.74 and changed [3.8] %.
GAIL with volume 4,408,331and changed [3.4] %.
RELIANCE IND. with volume 3,731,427and changed [2.3] %.
STOCKS MARKET TRADING TIPS : 6TH JANUARY 2012

BUY UBL ABOVE 450
First Target 453
Second Target 456
Stop Loss 444

BUY TATA MOTORS ABOVE 203
First Target 204
Second Target 205
Stop Loss 201

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