Friday 16 March 2012

STOCK MARKET TODAY: 19TH MARCH 2012


NIFTY SPOT LEVEL: 19TH MARCH 2012

Tomorrow trading is expected between the broad levels of 5210-5495. If the market breaches the level of 5400 on the upper side then the next resistance level will be 5495. But if nifty breaches the support level of 5260 then it may go down till the level of 5210.

SUPPORT LEVELS

Support 1: 5260
Support 2: 5210

RESISTANCE LEVELS

Resistance 1: 5400
Resistance 2: 5495

BANK NIFTY FUTURES: 19THMARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10025-10995. Bank nifty futures can go down till the level of 10025 once it breaks the level of 10190. On the opposite side once breaking the level of 10675, it is expected to go upward till the level of 10995. Bank nifty will be trading between the narrow ranges of 10190-10995.

SUPPORT LEVELS 

Support 1: 10190
Support 2:  10025

RESISTANCE LEVELS 

Resistance 1: 10675
Resistance 2: 10995

STOCK MARKET ANALYSIS: 16TH MARCH 2012

The SENSEX closed 224 points down at 17,445 and the NIFTY stood at 5317, down by 62 points.

BSE Small-Cap index was down by -1.12% while the BSE Mid-Cap index finished -0.68% down.CNX MIDCAP 50 index was down -1.23% and S&P CNX 500 was down around -1.27%.

Nifty Gainers

Today’s nifty top gainer were :

  • ITC changed 4.45% with 4, 39, 04,507 volumes.
  • M&M changed 3.43% with 62, 67,390 volumes.
  • AMBUJACEM changed 1.94% with 19, 85,055 volumes.
Nifty Losers

Today’s nifty top losers were:

  • SUNPHARMA with volume 39, 84,202 and changed -7.83%.
  • CAIRNINDIA with volume 53, 10,932 and changed -6.60%.
  • ONGC with volume 95, 61,493 and changed -5.43%.
STOCK MARKET TRADING TIPS : 19TH MARCH 2012

BUY SHOPERSTOP ABOVE 363
First Target 367
Second Target 370
Stop Loss 359

SELL JETAIRWAYS FUTURES BELOW 313
First Target 309
Second Target 304
Stop Loss 316

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