STOCK MARKET TODAY: 10TH APRIL 2012

NIFTY SPOT LEVEL: 10^TH APRIL 2012

Tomorrow trading is expected between the broad levels of 5190-5310. If the market breaches the level of 5270 on the upper side then the next resistance level will be 5310. But if nifty breaches the support level of 5210 then it may go down till the level of 5190. 

SUPPORT LEVELS 

Support 1: 5210

Support 2: 5190

RESISTANCE LEVELS

Resistance 1: 5270

Resistance 2: 5310

BANK NIFTY FUTURES: 10^TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10020-10300. Bank nifty futures can go down till the level of 10020 once it breaks the level of 10070. On the opposite side once breaking the level of 10210, it is expected to go upward till the level of 10300. Bank nifty will be trading between the narrow ranges of 10070-10210.

SUPPORT LEVELS

Support 1: 10070

Support 2:  10020

RESISTANCE LEVELS 

Resistance 1: 10210

Resistance 2: 10300

STOCK MARKET ANALYSIS: 9^TH APRIL 2012

The SENSEX closed 264 points down at 17,221 and the NIFTY stood at 5234, down by 88 points.

BSE Small-Cap index was down by 0.65% while the BSE Mid-Cap index finished 1.35% down.CNX MIDCAP 50 index was down 1.90% and S&P CNX 500 was down around 1.66%.

Nifty Gainers

Today’s nifty top gainer were :

• RANBAXY changed 4.10% with 18, 25,457 volumes.
• DRREDDY changed 2.11% with 3, 92,138 volumes.
• CIPLA changed 1.67% with 7, 82,773 volumes.

Nifty Losers

Today’s nifty top losers were:

• HUNDALCO with volume 73, 30,470 and changed -5.48% 
• CAIRNS with volume 17, 57,906 and changed -5.25%
• IDFC with volume 37, 83,456 and changed -5.01%

STOCK MARKET TRADING TIPS: 10^TH APRIL 2012

BUY MAX INDIA ABOVE 185

First Target 186

Second Target 189

Stop Loss 182

BUY HINDUNILVR FUTURES ABOVE 409

First Target 410.50

Second Target 414

Stop Loss 406

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