Tuesday, 7 February 2012

STOCK MARKET TODAY: 8TH FEBRUARY 2012


NIFTY SPOT LEVEL: 8th FEBRUARY 2012

The next trading is expected between the broad levels of 5435-5290. If the market breaches the level of 5435 on the upper side then the next resistance level will be 5500. The trading session was flat and nifty ended almost 0.5% down from previous close.

SUPPORT LEVELS

Support 1: 5290
Support 2: 5230
RESISTANCE LEVELS
Resistance 1: 5435        
Resistance 2: 5500
BANK NIFTY FUTURES: 8th FEBRUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10540-10125. Banknifty futures is expected to see downward movement. The opposite side once breaking the level of 10125, the banknifty will find support on 9950.

SUPPORT LEVELS
Support 1: 10125 
Support 2: 9950
RESISTANCE LEVELS 
Resistance 1:10540
Resistance 2: 10710
STOCK MARKET ANALYSIS : 7TH FEBRUARY 2012

BSE Sensex ended at 17,622 down 84.86 points or 0.48% from the last close. It earlier touched a day's high of 17,832 and day’s low of 17,582.  NSE NIFTY closed at 5,335 down 26.50 points. The index hit an intra-day high of 5,413 and an intra-day low of 5,322.
The BSE Mid-Cap index lost 0.81% while the BSE Small-Cap index was down 0.44%.CNX MIDCAP 50 index lost 1.06% and S&P CNX 500 was down 0.66%.


Today’s nifty top gainer were :
KOTAK BANK changed 2.63%.With volume 10,80,000
CAIRN changed 2.45% with volume 4,307,000 and
ITC changed 1.51% with volume of 8,023,000.

Today’s nifty top losers were :

BHEL changed -4.64% volumes 12,362,000
JP ASSOCIATE changed -4.32% with volume 14,000,000
TATA STEEL changed -3.76% with volume 34,594,000
TECHNICAL CALLS FOR TOMORROW
BUY VOLTAS AT CMP
FIRST TARGET: 108.35
SECOND TARGET: 125.5
BUY EXIDE IND. AT CMP
FIRST TARGET: 142.5
SECOND TARGET: 145.50
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