STOCK MARKET TODAY: 31ST MARCH 2012

NIFTY SPOT LEVEL: 31^ST MARCH 2012

Tomorrow trading is expected between the broad levels of 5165-5375. If the market breaches the level of 5330 on the upper side then the next resistance level will be 5375. But if nifty breaches the support level of 5230 then it may go down till the level of 5165.

SUPPORT LEVELS

Support 1: 5230

Support 2: 5165

RESISTANCE LEVELS

Resistance 1: 5330

Resistance 2: 5375

BANK NIFTY FUTURES: 31^ST MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9880-10410. Bank nifty futures can go down till the level of 9880 once it breaks the level of 10050. On the opposite side once breaking the level of 10310, it is expected to go upward till the level of 10410. Bank nifty will be trading between the narrow ranges of 10050-10310.

SUPPORT LEVELS

Support 1: 10050

Support 2:  9880

RESISTANCE LEVELS 

Resistance 1: 10310

Resistance 2: 10410

STOCK MARKET ANALYSIS: 30^TH MARCH 2012

The SENSEX closed 345 points up at 17,404 and the NIFTY stood at 5295, up by 116 points.

BSE Small-Cap index was up by 2.04% while the BSE Mid-Cap index finished 2.35% up.CNX MIDCAP 50 index was up 2.58% and S&P CNX 500 was up around 2.36%.

Nifty Gainers

Today’s nifty top gainer were :

• KOTAKBANK changed 4.79% with 4, 74,911 volumes.
• IDFC changed 4.61% with 97, 07,392 volumes.
• SAIL changed 4.02% with 25, 28,439 volumes.

Nifty Losers

Today’s nifty top losers were:

• CAIRN with volume 27, 04,468 and changed -0.98%.
• JINDALSTEEL with volume 15, 56,090 and changed -0.74%.
• SUNPHARMA with volume 11, 48,504 and changed -0.67%.

STOCK MARKET TRADING TIPS: 31^ST MARCH 2012

BUY JUBILANT LIFESCIENCES ABOVE 200

First Target 202

Second Target 203.70

Stop Loss 197

BUY ADANIPORT FUTURES ABOVE 130    

First Target 132

Second Target 133.70

Stop Loss 128

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