NIFTY SPOT LEVEL: 13TH APRIL 2012
Tomorrow trading is expected between the broad levels of 5225-5320. If the market breaches the level of 5290 on the upper side then the next resistance level will be 5320. But if nifty breaches the support level of 5250 then it may go down till the level of 5225.
SUPPORT LEVELS
Support 1: 5250
Support 2: 5225
RESISTANCE LEVELS
Resistance 1: 5290
Resistance 2: 5320
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10170-10540. Bank nifty futures can go down till the level of 10170 once it breaks the level of 10290. On the opposite side once breaking the level of 10470, it is expected to go upward till the level of 10540. Bank nifty will be trading between the narrow ranges of 10290-10470.
SUPPORT LEVELS
Support 1: 10290
Support 2: 10170
RESISTANCE LEVELS
Resistance 1: 10470
Resistance 2: 10540
BSE Small-Cap index was up by 1.01% while the BSE Mid-Cap index finished 0.85% up.CNX MIDCAP 50 index was up 0.67% and S&P CNX 500 was up around 0.68%.
Today’s nifty top gainer were :
- JINDALSTEEL changed 5.08% with 30, 89,777 volumes.
Today’s nifty top losers were:
- CAIRNS with volume 21, 11,693 and changed -2.45%.
- DRREDDY with volume 5, 02,497 and changed -2.25%.
- INFOSYS with volume 14, 75,683 and changed -1.94 %.
BUY MAX INDIA ABOVE 207.85
First Target 208.70
Second Target 211
Stop Loss 206
First Target 208
Second Target 210
Stop Loss 205
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