STOCK MARKET TODAY: 17TH APRIL 2012

NIFTY SPOT LEVEL: 17^TH APRIL 2012

Tomorrow trading is expected between the broad levels of 5165-5270. If the market breaches the level of 5250 on the upper side then the next resistance level will be 5270. But if nifty breaches the support level of 5200 then it may go down till the level of 5165.

SUPPORT LEVELS

Support 1: 5200

Support 2: 5165

RESISTANCE LEVELS

Resistance 1: 5250

Resistance 2: 5270

BANK NIFTY FUTURES: 17^TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10210-10565. Bank nifty futures can go down till the level of 10210 once it breaks the level of 10330. On the opposite side once breaking the level of 10550, it is expected to go upward till the level of 10565. Bank nifty will be trading between the narrow ranges of 10330-10505.

SUPPORT LEVELS

Support 1: 10330

Support 2:  10210

RESISTANCE LEVELS 

Resistance 1: 10505

Resistance 2: 10565

STOCK MARKET ANALYSIS: 16^TH APRIL 2012

The SENSEX closed 56 points UP at 17,170 and the NIFTY stood at 5226, UP by 18 points.

BSE Small-Cap index was down by 0.56% while the BSE Mid-Cap index finished 0.80% down.CNX MIDCAP 50 index was down 0.46% and S&P CNX 500 was down around 0.48%.

Nifty Gainers

Today’s nifty top gainer were :

• TATAMOTORS changed 4.22% with 1, 22, 33,329 volumes.
• JPASSOCIAT changed 3.36% with 1, 46, 65,546 volumes.
• AXISBANK changed 3.17% with 12, 72,381 volumes.

Nifty Losers

Today’s nifty top losers were:

• AMBUJACEM with volume 16, 67,988 and changed -2.39%.
• ACC with volume 2, 49,643 and changed -1.74%.
• BHARTIARTL with volume 38, 82,229 and changed -1.67%.

STOCK MARKET TRADING TIPS: 17^TH APRIL 2012

BUY HANUNG TOYS ABOVE 151

First Target 153

Second Target 156

Stop Loss 147.90

BUY ITC FUTURES ABOVE 243

First Target 245

Second Target 247

Stop Loss 241

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