Thursday, 1 March 2012

STOCK MARKET TODAY: 2ND MARCH 2012


NIFTY SPOT LEVEL: 2nd MARCH 2012

Tomorrow trading is expected between the broad levels of 5260-5410. If the market breaches the level of 5375 on the upper side then the next resistance level will be 5410. But if nifty breaches the support level of 5300 then it may go down till the level of 5260.

SUPPORT LEVELS

Support 1: 5300
Support 2: 5260

RESISTANCE LEVELS

Resistance 1: 5375
Resistance 2: 5410

BANK NIFTY FUTURES: 2ND MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10055-10505. Bank nifty futures can go down till the level of 10055 once it breaks the level of 10170. On the opposite side once breaking the level of 10395, it is expected to go upward till the level of 10505. Bank nifty will be trading between the narrow ranges of 10170-10395.

SUPPORT LEVELS 

Support 1: 10170
Support 2: 10055

RESISTANCE LEVELS 

Resistance 1: 10395
Resistance 2: 10505


STOCK MARKET ANALYSIS : 1ST MARCH 2012

The SENSEX closed 168 points down at 17583 and the NIFTY stood at 5339, down by 45 points.

BSE Small-Cap index was down -0.38% while the BSE Mid-Cap index finished -0.53% down .CNX MIDCAP 50 index was down -0.79% and S&P CNX 500 was down around -0.74%.

Nifty Gainers

Today’s nifty top gainer were:

MARUTI changed 4.84% with 15,43,192 volumes.

AMBUJACEM changed 2.71% with 20,11,382 volumes.

CAIRN changed 2.38% with 21,69,111 volumes.

Nifty Losers

Today’s nifty top losers were:

DLF with volume 2,55,67,515 and changed -6.09%.

M&M BANK with volume 32,17,737 and changed -3.88%.

IDFC with volume 64,64,610 and changed -3.64%.

STOCKS MARKET TRADING TIPS : 2ND MARCH 2012

BUY POLARIS SOFTWARE ABOVE 157.50
First Target 160.50
Second Target 163
Stop Loss 155

BUY PIRAHEALTH FUTURES ABOVE 446   
First Target 451
Second Target 455
Stop Loss 442

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