STOCK MARKET TODAY: 30TH MARCH 2012

NIFTY SPOT LEVEL: 30^TH MARCH 2012

Tomorrow trading is expected between the broad levels of 5110-5230. If the market breaches the level of 5210 on the upper side then the next resistance level will be 5230. But if nifty breaches the support level of 5150 then it may go down till the level of 5110.

SUPPORT LEVELS

Support 1: 5150

Support 2: 5110

RESISTANCE LEVELS

Resistance 1: 5210

Resistance 2: 5230

BANK NIFTY FUTURES: 30^TH MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9780-10070. Bank nifty futures can go down till the level of 9780 once it breaks the level of 9865. On the opposite side once breaking the level of 10000, it is expected to go upward till the level of 10070. Bank nifty will be trading between the narrow ranges of 9865-10000.

SUPPORT LEVELS

Support 1: 9865

Support 2:  9780

RESISTANCE LEVELS 

Resistance 1: 10000

Resistance 2: 10070

STOCK MARKET ANALYSIS : 29^TH MARCH 2012

The SENSEX closed 63 points down at 17,058 and the NIFTY stood at 5178, down by 15 points.

BSE Small-Cap index was up by 0.70% while the BSE Mid-Cap index finished 0.16% up.CNX MIDCAP 50 index was up 0.26% and S&P CNX 500 was down around -0.11%.

Nifty Gainers

Today’s nifty top gainer were :

• TATAPOWER changed 7.11% with 86,02,9772 volumes.
• RANBAXY changed 6.20% with 26, 55,756 volumes.
• JINDALSTEEL changed 3.71% with 28, 77,433 volumes.

Nifty Losers

Today’s nifty top losers were:

• SIEMENS with volume 2, 68,817 and changed -3.26 %.
• RCOM with volume 1, 56, 90,304 and changed -2.67%.
• L&T with volume 19, 51,859 and changed -2.08%.

STOCKS MARKET TRADING TIPS : 30^TH MARCH 2012

BUY GRAVITA INDIA ABOVE 650

First Target 655

Second Target 664

Stop Loss 644

BUY RANBAXY FUTURES ABOVE 449       

First Target 453

Second Target 457

Stop Loss 445

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