STOCK MARKET TODAY: 11TH APRIL 2012

 

NIFTY SPOT LEVEL: 11^TH APRIL 2012

Tomorrow trading is expected between the broad levels of 5190-5280. If the market breaches the level of 5260 on the upper side then the next resistance level will be 5280. 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: 5260

Resistance 2: 5280

BANK NIFTY FUTURES: 11^TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10030-10300. Bank nifty futures can go down till the level of 10030 once it breaks the level of 10110. On the opposite side once breaking the level of 10250, it is expected to go upward till the level of 10300. Bank nifty will be trading between the narrow ranges of 10110-10250.

SUPPORT LEVELS

Support 1: 10110

Support 2:  10030

RESISTANCE LEVELS 

Resistance 1: 10250

Resistance 2: 10300

STOCK MARKET ANALYSIS: 10^TH APRIL 2012

The SENSEX closed 21 points up at 17,243 and the NIFTY stood at 5243, up by 9 points.

BSE Small-Cap index was down by 0.12% while the BSE Mid-Cap index finished 0.26% down.CNX MIDCAP 50 index was down 0.42% and S&P CNX 500 was up around 0.06%.

Nifty Gainers

Today’s nifty top gainer were

• TATAMOTOR changed 4.24% with 44, 34,764 volumes.
• RCOM changed 3.19% with 75, 48,628 volumes.
• TATAPOWER changed 2.88% with 81, 57,759 volumes.

Nifty Losers

Today’s nifty top losers were

• BHEL with volume 71, 56,619 and changed -2.54%.
• AMBUJACEMENT with volume 25, 45,193 and changed -2.48%.
• RANBAXY with volume 5, 09,915 and changed -2.41%.

STOCK MARKET TRADING TIPS: 11^TH APRIL 2012

BUY APPAPER INDIA ABOVE 226

First Target 230

Second Target 234

Stop Loss 221.50

BUY HINDUNILVR FUTURES ABOVE 416.50

First Target 418

Second Target 420

Stop Loss 413.70

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