Thursday 2 February 2012

STOCK MARKET TODAY: 3RD FEBRUARY 2012


NIFTY SPOT LEVEL: 3rd FEBRUARY 2012
The next trading is expected between the broad levels of 5325-5200. If the market breaches the level of 5325 on the upper side then the next resistance level will be 5365. The trading session was positive and nifty ended almost 0.70% up from previous close.

SUPPORT LEVELS 

Support 1: 5200
Support 2: 5016
RESISTANCE LEVELS
Resistance 1: 5325        
Resistance 2: 5365
BANK NIFTY FUTURES: 3rd  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 downward 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 : 2nd FEBRUARY 2012

BSE Sensex ended at 17,431 up 131.27 points or 0.76% from the last close. It earlier touched a day's high of 17,504 and day’s low of 17,308.  NSE NIFTY closed at 5,269 up 34.20 points. The index hit an intra-day high of 5,289 and an intra-day low of 5,225.
The BSE Mid-Cap index gained 0.55% while the BSE Small-Cap index was up 0.54%.CNX MIDCAP 50 index gained 0.52% and S&P CNX 500 was up 0.70%.


Today’s nifty top gainer were:
BHARTI AIRTEL changed 6.48%.With volume 25,324,000
HCL TECH changed 5.28% with volume 2,176,000 and
ACC changed 5.16% with volume of 552,000.

Today’s nifty top losers were:

IDFC changed -5.04% volumes 17,367,000
RCOM changed -4.28% with volume 45,493,000
RPOWER changed -2.46% with volume 5,305,000
TECHNICAL CALLS FOR TOMORROW
BUY ANDHRA BANK CMP 109.90
FIRST TARGET: 111.80
SECOND TARGET: 115
BUY ADANI ENTERPRISE CMP 428.75 (MID TERM PICK)
FIRST TARGET: 455
SECOND TARGET: 488.70
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