Friday, 13 April 2012

STOCK MARKET TODAY: 16TH APRIL 2012

NIFTY SPOT LEVEL: 16TH APRIL 2012

Monday trading is expected between the broad levels of 5110-5350. If the market breaches the level of 5275 on the upper side then the next resistance level will be 5350. But if nifty breaches the support level of 5150 then it may go down till the level of 5110.

SUPPORT LEVELS

Support 1: 5150
Support 2: 5110
RESISTANCE LEVELS
Resistance 1: 5275
Resistance 2: 5350
BANK NIFTY FUTURES: 16TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10010-10720. Bank nifty futures can go down till the level of 10010 once it breaks the level of 10150. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10720. Bank nifty will be trading between the narrow ranges of 10150-10500.

SUPPORT LEVELS
Support 1: 10150
Support 2:  10010
RESISTANCE LEVELS 
Resistance 1: 10500
Resistance 2: 10720
STOCK MARKET ANALYSIS: 13TH APRIL 2012


The SENSEX closed 238 points down at 17,094 and the NIFTY stood at 5207, down by 69 points.

BSE Small-Cap index was down by 0.63% while the BSE Mid-Cap index finished 0.72% down.CNX MIDCAP 50 index was down 1.02% and S&P CNX 500 was down around 1.27%.

Nifty Gainers

Today’s nifty top gainer were:
  • DRREDDY changed 2.39% with 2, 47,549 volumes
  • SUNPHARMA changed 2.30% with 10, 71,300 volumes
  • KOTAKBANK changed 2.24% with 11, 49,429 volumes
Nifty Losers

Today’s nifty top losers were:
  • INFOSYS with volume 94, 05,999 and changed -12.75%.
  • TCS with volume 44, 97,059 and changed -5.76%.
  • WIPRO with volume 35, 77,902 and changed -4.25%.
STOCK MARKET TRADING TIPS: 16TH APRIL 2012

BUY MARICO LTD ABOVE 178.60
First Target 181
Second Target 185
Stop Loss 175
BUY HINDUNILEVER FUTURES ABOVE 431
First Target 434
Second Target 439
Stop Loss 425
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