NIFTY SPOT LEVEL: 22ND JANUARY 2012
Tomorrow trading is expected between the broad levels of 5505-5715. If the market breaches the level of 5660 on the upper side then the next resistance level will be 5715. But if nifty breaches the support level of 5555 then it may go down till the level of 5505.
SUPPORT LEVELS
Support 1: 5555
Support 2: 5505
RESISTANCE LEVELS
Resistance 1: 5660
Resistance 2: 5715
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10995-11415. Bank nifty futures can go down till the level of 10995 once it breaks the level of 11099. On the opposite side once breaking the level of 11305, it is expected to go upward till the level of 11415. Bank nifty will be trading between the narrow ranges of 11099-11305.
SUPPORT LEVELS
Support 1: 11099
Support 2: 10995
RESISTANCE LEVELS
Resistance 1: 11305
Resistance 2: 11415
BSE Small-Cap index was down 1.20% while the BSE Mid-Cap index finished 0.91% down .CNX MIDCAP 50 index was up 1.44% and S&P CNX 500 was up around 0.76%.
Today’s nifty top gainer were :
BHEL changed 4.56% with 1,08,17,443 volumes.
ONGC changed 4.43% with 65,79,107 volumes.
REL INFRA changed 3.76% with 21,70,386 volumes.
Today’s nifty top losers were:
STERLITE with volume 1,70,21,045 and changed -3.61%
TATA POWER with volume 76,08,262 and changed -2.99%
BPCL with volume 5,95,962 and changed -1.66%
BUY MRF ABOVE 10045
First Target 10055
Second Target 10065
Stop Loss 10025
First Target 249
Second Target 251
Stop Loss 242
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