Wednesday, 21 March 2012

STOCK MARKET TODAY: 22ND MARCH 2012

NIFTY SPOT LEVEL: 22ND MARCH 2012

Tomorrow trading is expected between the broad levels of 5240-5460. If the market breaches the level of 5415 on the upper side then the next resistance level will be 5460. But if nifty breaches the support level of 5300 then it may go down till the level of 5240.

SUPPORT LEVELS

Support 1: 5300
Support 2: 5240

RESISTANCE LEVELS

Resistance 1: 5415
Resistance 2: 5460

BANK NIFTY FUTURES: 22ND MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10770-10090. Bank nifty futures can go down till the level of 10300 once it breaks the level of 10090. On the opposite side once breaking the level of 10650, it is expected to go upward till the level of 10770. Bank nifty will be trading between the narrow ranges of 10300-10650.

SUPPORT LEVELS 

Support 1: 10300
Support 2:  10090

RESISTANCE LEVELS 

Resistance 1: 10650
Resistance 2: 10770

STOCK MARKET ANALYSIS : 21ST MARCH 2012

The SENSEX closed 285 points up at 17,601 and the NIFTY stood at 5364,up by 90 points.

BSE Small-Cap index was UP by 1.23% while the BSE Mid-Cap index finished 1.95% UP.CNX MIDCAP 50 index was UP 2.76% and S&P CNX 500 was UP around 1.06%.

Nifty Gainers

Today’s nifty top gainer were :

  • JPASSOCIAT changed 5.18% with 2, 10, 71,132 volumes.
  • RELINFRA changed 5.13% with 30, 66,176 volumes.
  • RANBAXY changed 4.81% with 6, 63,615 volumes.

Nifty Losers

Today’s nifty top losers were:

  • CAIRN with volume 15, 06,430 and changed -1.03%.
  • HINDALCO with volume 1, 61, 48,670 and changed -0.87%.
  • SUNPHARMA with volume 9, 92,061 and changed -0.68%.
STOCK MARKET TRADING TIPS: 22ND MARCH 2012

BUY ADVANTA INDIA ABOVE 404

First Target 410
Second Target 415
Stop Loss 397

BUY RELINFRA FUTURES ABOVE 631   

First Target 637
Second Target 642
Stop Loss 625

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