Thursday, 22 March 2012

STOCK MARKET TODAY: 23RD MARCH 2012


NIFTY SPOT LEVEL: 23RD MARCH 2012

Tomorrow trading is expected between the broad levels of 5120-5430. If the market breaches the level of 5380 on the upper side then the next resistance level will be 5430. But if nifty breaches the support level of 5180 then it may go down till the level of 5120.

SUPPORT LEVELS

Support 1: 5180
Support 2: 5120

RESISTANCE LEVELS

Resistance 1: 5380
Resistance 2: 5430

BANK NIFTY FUTURES: 23RD MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9550-10550. Bank nifty futures can go down till the level of 9550 once it breaks the level of 9900. On the opposite side once breaking the level of 10300, it is expected to go upward till the level of 10550. Bank nifty will be trading between the narrow ranges of 9900-10300.

SUPPORT LEVELS 

Support 1: 9900
Support 2:  9550

RESISTANCE LEVELS 

Resistance 1: 10300
Resistance 2: 10550

STOCK MARKET ANALYSIS : 22ND MARCH 2012

The SENSEX closed 405 points down at 17,196 and the NIFTY stood at 5228, down by 136 points.

BSE Small-Cap index was down by 1.68% while the BSE Mid-Cap index finished 2.27% down.CNX MIDCAP 50 index was down 2.56% and S&P CNX 500 was down around 2.74%.

Nifty Gainers

Today’s nifty top gainer were:

  • COALINDIA changed 2.07% with 60, 21,663 volumes.
  • HEROMOTO changed 0.57% with 3, 87,490 volumes
Nifty Losers

Today’s nifty top losers were:

  • JPASSOCIAT with volume 2, 18, 04,409 and changed -7.18%.
  • JINDALSTEEL with volume 53, 12,277 and changed -7.15%.
  • RPOWER with volume 93,52,827 and changed -6.56%.
STOCK MARKET TRADING TIPS: 23RD MARCH 2012

BUY PARSVNARH ABOVE 60.50
First Target 61.50
Second Target 62.40
Stop Loss 59.30

BUY ITC FUTURES ABOVE 221                
First Target 224
Second Target 227
Stop Loss 218

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