STOCK MARKET TODAY: 23RD FEBRUARY 2012

NIFTY SPOT LEVEL: 23^RD JANUARY 2012

Tomorrow trading is expected between the broad levels of 5405-5710. If the market breaches the level of 5660 on the upper side then the next resistance level will be 5710. But if nifty breaches the support level of 5465 then it may go down till the level of 5405.

SUPPORT LEVELS

Support 1: 5465

Support 2: 5405

RESISTANCE LEVELS

Resistance 1: 5560

Resistance 2: 5710

BANK NIFTY FUTURES: 23^RD JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10565-10975. Bank nifty futures can go down till the level of 10565 once it breaks the level of 10645. On the opposite side once breaking the level of 10860, it is expected to go upward till the level of 10975. Bank nifty will be trading between the narrow ranges of 10645-10860.

SUPPORT LEVELS

Support 1: 10645

Support 2: 10565

RESISTANCE LEVELS 

Resistance 1: 10860

Resistance 2: 10975

STOCK MARKET ANALYSIS 22^NDJANUARY 2012

In a rare development, the Indian market saw a major fall on Wednesday, with the NSE Nifty sliding by over 100 points and the BSE Sensex losing nearly 300 points.The Indian markets broke two-day rise and closed on a weak note. The Sensex fell 283 points and the Nifty down 102 points

The BSE Mid-Cap index and the BSE Small-Cap index lost ~3.4% and 3.2% respectively.

Nifty Gainers

Today’s nifty top gainer were :

SUNPHARMA changed 1.10% with 7,47,053 volumes.

ITC changed 0.77% with 86,11,052 volumes.

TCS changed 0.74% with 15,70,913 volumes.

Nifty Losers

Today’s nifty top losers were :

R COM with volume 2,33,10,128 and changed -9.51%.

SBI with volume 63,34,444 and changed -8.13%.

DLF with volume 84,99,051 and changed -6.97%.

STOCKS MARKET TRADING TIPS : 23^RD JANUARY 2012

BUY TATA COM ABOVE 261

First Target 263

Second Target 265

Stop Loss 256

SELL SBI FUTURES BELOW 2252             

First Target 2245

Second Target 2235

Stop Loss 2280

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