Wednesday, 1 February 2012

STOCK MARKET TODAY: 2ND FEBRUARY 2012


NIFTY SPOT LEVEL: 2nd FEBRUARY 2012

The next trading is expected between the broad levels of 5300-5160. If the market breaches the level of 5300 on the upper side then the next resistance level will be 5356. The trading session was positive and nifty ended almost 0.70% up from previous close.

SUPPORT LEVELS

Support 1: 5160
Support 2: 5075
RESISTANCE LEVELS
Resistance 1: 5300        
Resistance 2: 5365
BANK NIFTY FUTURES: 2nd  FEBRUARY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10140-9760. Bank nifty futures is expected to see upward movement. The opposite side once breaking the level of 9760, the bank nifty will find support on 9650.

SUPPORT LEVELS
Support 1: 9760   
Support 2: 9650
RESISTANCE LEVELS 
Resistance 1:10140
Resistance 2: 10340
STOCK MARKET ANALYSIS : 1st FEBRUARY 2012

BSE Sensex ended at 17,300 up 107.03 points or 0.62% from the last close. It earlier touched a day's high of 17,327 and day’s low of 17,061.  NSE NIFTY closed at 5,235 up 36.45 points. The index hit an intra-day high of 5,244 and an intra-day low of 5,159.
The BSE Mid-Cap index gained 1.12% while the BSE Small-Cap index was up 1.71%.CNX MIDCAP 50 index gained 1.24% and S&P CNX 500 was down 0.85%.

Nifty Gainers

Today’s nifty top gainers were :
TATAPOWER changed 6.54%.With volume 5,124,000.
JINDALSTEL changed 6.29% with volume 3,328,000.
TATASTEEL changed 5.12% with volume of 8,208,000.
Nifty Losers

Today’s nifty top losers were:

COALINDIA changed -2.95% volumes 10,018,000.
BPCL changed -2.07% with volume 541,000 .
ICICIBANK changed -1.46% with volume 7,967,000.
TECHNICAL CALLS FOR TOMORROW
BUY REC LTD CMP 203.95
FIRST TARGET: 212
SECOND TARGET: 217
BUY INDIAN HOTEL CMP 65.80
FIRST TARGET: 66.80
SECOND TARGET: 69.35
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