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NIFTY SPOT LEVEL: 18TH APRIL 2012
Today trading is expected between the broad levels of 5195-5290. If the market breaches the level of 5345 on the upper side then the next resistance level will be 5290. But if nifty breaches the support level of 5245 then it may go down till the level of 5195.
SUPPORT LEVELS
Support 1: 5245
Support 2: 5195
RESISTANCE LEVELS
Resistance 1: 5345
Resistance 2: 5290
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10785-10385. Bank nifty futures can go down till the level of 10385 once it breaks the level of 10460. On the opposite side once breaking the level of 10665, it is expected to go upward till the level of 10785. Bank nifty will be trading between the narrow ranges of 10460-10665.
SUPPORT LEVELS
Support 1: 10460
Support 2: 10385
RESISTANCE LEVELS
Resistance 1: 10665
Resistance 2: 10785
BSE Small-Cap index was down by 0.56% while the BSE Mid-Cap index finished 0.80% down.CNX MIDCAP 50 index was up 0.89% and S&P CNX 500 was up around 1.08%.
Nifty Gainers
Today’s nifty top gainer were :
- RELINFRA changed 6.14% with 28,69,558 volumes.
- ONGC changed 4.13% with 32,15,004 volumes.
Nifty Losers
Today’s nifty top losers were:
- CAIRN with volume 21,81,821and changed -1.50%.
- HCLTECH with volume 12,54,851and changed -0.73%.
- DRREDDY with volume 2,01,163and changed -0.59%.
BUY PANTALOON ABOVE 177.50
First Target 180
Second Target 183
Stop Loss 171
First Target 135.25
Second Target 138.55
Stop Loss 127
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