Thursday, 15 March 2012

STOCK MARKET TODAY: 16TH MARCH 2012


NIFTY SPOT LEVEL: 16TH MARCH 2012

Tomorrow trading is expected between the broad levels of 5300-5500. If the market breaches the level of 5440 on the upper side then the next resistance level will be 5500. But if nifty breaches the support level of 5340 then it may go down till the level of 5300.

SUPPORT LEVELS 

Support 1: 5340
Support 2: 5300

RESISTANCE LEVELS

Resistance 1: 5440
Resistance 2: 5500

BANK NIFTY FUTURES: 16TH MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10345-11020. Bank nifty futures can go down till the level of 10345 once it breaks the level of 10470. On the opposite side once breaking the level of 10805, it is expected to go upward till the level of 11020. Bank nifty will be trading between the narrow ranges of 10470-10805.

SUPPORT LEVELS 

Support 1: 10470
Support 2:  10345

RESISTANCE LEVELS 

Resistance 1: 10805
Resistance 2: 11020

STOCK MARKET ANALYSIS : 15TH MARCH 2012

The SENSEX closed 243 points down at 17675 and the NIFTY stood at 5380, down by 83 points.

BSE Small-Cap index was down by 0.97% while the BSE Mid-Cap index finished 1.39% down.CNX MIDCAP 50 index was down 2.02% and S&P CNX 500 was down around 1.55%.

Nifty Gainers

Today’s nifty top gainer were:

  • HINDUNILVR changed 1.99% with 23, 10,912 volumes.
  • WIPRO changed 1.16% with 13, 38,520 volumes.
  • NTPC changed 0.90% with 26, 01,767 volumes.


Nifty Losers

Today’s nifty top losers were:

  • RCOM with volume 96, 45,757 and changed -5.30%.
  • DLF with volume 98, 79,934 and changed -5.08%.
  • IDFC with volume 57, 33,374 and changed -4.62%.
STOCKS MARKET TRADING TIPS : 16TH MARCH 2012

BUY GLODYNE TECHNOSERVE ABOVE 346
First Target 352
Second Target 357
Stop Loss 338

BUY SUNPHARMA FUTURES ABOVE 594  
First Target 598
Second Target 601
Stop Loss 590
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