STOCK MARKET TODAY: 17TH FEBRUARY 2012

NIFTY SPOT LEVEL: 17^TH JANUARY 2012

Tomorrow trading is expected between the broad levels of 5625-5435. If the market breaches the level of 5575 on the upper side then the next resistance level will be 5625. But if nifty breaches the support level of 5470 then it may go down till the level of 5435.

SUPPORT LEVELS 

Support 1: 5470

Support 2: 5435

RESISTANCE LEVELS

Resistance 1: 5575

Resistance 2: 5625

BANK NIFTY FUTURES: 17^TH JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10745-11135. Bank nifty futures can go down till the level of 10745 once it breaks the level of 10855. On the opposite side once breaking the level of 11045, it is expected to go upward till the level of 11135. Bank nifty will be trading between the narrow ranges of 10855-11045.

SUPPORT LEVELS

Support 1: 10855

Support 2: 10745

RESISTANCE LEVELS 

Resistance 1: 11045

Resistance 2: 11135 

STOCK MARKET ANALYSIS : 16^th JANUARY 2012

 The SENSEX ended at 18,153, down 48 points over the previous close. It earlier touched a day’s high of 18,182 and a day’s low of 18,043. It opened at 18,163.The NIFTY closed at 5,521, down 10 points or 0.2% over the previous close, it opened at 5,513.

BSE Small-Cap index was up 0.96% while the BSE Mid-Cap index finished 1.04% up .CNX MIDCAP 50 index was up 0.97% and S&P CNX 500 was up around 0.10%.

Nifty Gainers

Today’s nifty top gainer were :

HERO MOTOCO changed 4.34% with 480246 volumes.

JINDAL STEEL changed 4.27% with 4911592 volumes.

SBI changed 4.10% with 4282758 volumes.

Nifty Losers

Today’s nifty top losers were :

COAL INDIA with volume 16369724 and changed -5.84%.

HINDALCO with volume 1,68,61,421 and changed -5.14%.

TATA MOTORS with volume 2,26,83,612 and changed -4.12%.

STOCK MARKET TRADING TIPS : 17^th JANUARY 2012

BUY GUJRAT FLURO CHEMICALS ABOVE 520

First Target 522

Second Target 525

Stop Loss 515

BUY SBI FUTURES ABOVE 2342   

            

First Target 2350

Second Target 2360

Stop Loss 2320

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