Monday, 19 March 2012

STOCK MARKET TODAY: 20TH MARCH 2012


NIFTY SPOT LEVEL: 20TH MARCH 2012

Tomorrow trading is expected between the broad levels of 5170-5370. If the market breaches the level of 5310 on the upper side then the next resistance level will be 5370. But if nifty breaches the support level of 5210 then it may go down till the level of 5110.

SUPPORT LEVELS

Support 1: 5210
Support 2: 5170

RESISTANCE LEVELS

Resistance 1: 5310
Resistance 2: 5370

BANK NIFTY FUTURES: 20TH MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9950-10500. Bank nifty futures can go down till the level of 9950 once it breaks the level of 10050. On the opposite side once breaking the level of 10300, it is expected to go upward till the level of 10500. Bank nifty will be trading between the narrow ranges of 10050-10300.

SUPPORT LEVELS 

Support 1: 10050
Support 2:  9950

RESISTANCE LEVELS 

Resistance 1: 10300
Resistance 2: 10500

STOCK MARKET ANALYSIS : 19TH MARCH 2012

The SENSEX closed 192 points down at 17,273 and the NIFTY stood at 5257, down by 60 points.

BSE Small-Cap index was UP by 0.19% while the BSE Mid-Cap index finished 0.10% UP.CNX MIDCAP 50 index was down -0.98% and S&P CNX 500 was down around -1.19%.

Nifty Gainers

Today’s nifty top gainer were :

  • M&M changed 2.01% with 38,70,178 volumes.
  • CAIRNINDIA changed 1.97% with 31,15,3238 volumes.
  • ITC changed 1.92% with 2,36,69,325 volumes.

Nifty Losers

Today’s nifty top losers were:

  • RELINFRA with volume 25,93,097 and changed -6.53%.
  • IDFC with volume 72,38,329 and changed -5.01%. 
  • BHEL with volume 67,93,559 and changed -4.70%.
STOCKS MARKET TRADING TIPS : 20TH MARCH 2012

BUY MADRASCEMENT ABOVE 149.50
First Target 153
Second Target 155
Stop Loss 146

SELL JETAIRWAYS FUTURES BELOW 354
First Target 351
Second Target 347
Stop Loss 360

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