Wednesday, 11 April 2012

STOCK MARKET TODAY: 12TH APRIL 2012



NIFTY SPOT LEVEL: 12TH APRIL 2012

Tomorrow trading is expected between the broad levels of 5160-5300. If the market breaches the level of 5270 on the upper side then the next resistance level will be 5300. But if nifty breaches the support level of 5200 then it may go down till the level of 5160.

SUPPORT LEVELS

Support 1: 5200

Support 2: 5160
RESISTANCE LEVELS
Resistance 1: 5270
Resistance 2: 5300
BANK NIFTY FUTURES: 12TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9950-10450. Bank nifty futures can go down till the level of 9950 once it breaks the level of 10100. On the opposite side once breaking the level of 10350, it is expected to go upward till the level of 10450. Bank nifty will be trading between the narrow ranges of 10100-10350.

SUPPORT LEVELS
Support 1: 10100
Support 2:  9950
RESISTANCE LEVELS 
Resistance 1: 10350
Resistance 2: 10450
STOCK MARKET ANALYSIS: 11TH APRIL 2012


The SENSEX closed 5 points up at 17,248 and the NIFTY stood at 5240, down by 4 points.

BSE Small-Cap index was down by 0.27% while the BSE Mid-Cap index finished 0.63% down.CNX MIDCAP 50 index was down 0.51% and S&P CNX 500 was down around 0.23%.

Nifty Gainers

Today’s nifty top gainer were :
  • KOTAKBANK changed 2.57% with 6, 64,884 volumes.
  • SUNPHARMA changed 1.99% with 4, 88,884 volumes.
  • INFOSYS changed 1.89% with 10, 22,425 volumes

Nifty Losers

Today’s nifty top losers were
  • ACC with volume 6, 96,521 and changed -4.47%.
  • AMBUJACEM with volume 31, 01,402 and changed -3.87%.
  • RELINFRA with volume 31, 88,298 and changed -3.60%.
STOCK MARKET TRADING TIPS: 12TH APRIL 2012

BUY APPAPER INDIA ABOVE 250
First Target 253
Second Target 260
Stop Loss 245
SELL INFOSYS FUTURES BELOW 2820
First Target 2810
Second Target 2795
Stop Loss 2835

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