Thursday, 19 April 2012

STOCK MARKET TODAY: 20TH APRIL 2012

Stock Market Trading Tips
NIFTY SPOT LEVEL: 20TH APRIL 2012

Tomorrow trading is expected between the broad levels of 5270-5375. If the market breaches the level of 5350 on the upper side then the next resistance level will be 5375. But if nifty breaches the support level of 5300 then it may go down till the level of 5270.

SUPPORT LEVELS

Support 1: 5300
Support 2: 5270
RESISTANCE LEVELS
Resistance 1: 5350
Resistance 2: 5375
BANK NIFTY FUTURES: 20TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10380-10700. Bank nifty futures can go down till the level of 10380 once it breaks the level of 10490. On the opposite side once breaking the level of 10645, it is expected to go upward till the level of 10700. Bank nifty will be trading between the narrow ranges of 10490-10645.

SUPPORT LEVELS
Support 1: 10490
Support 2:  10380
RESISTANCE LEVELS 
Resistance 1: 10645
Resistance 2: 10700
STOCK MARKET REVIEW: 19TH APRIL 2012

The SENSEX closed 111 points UP at 17,503 and the NIFTY stood at 5332, UP by 32 points.

BSE Small-Cap index was up by 0.27% while the BSE Mid-Cap index finished 0.25% up.CNX MIDCAP 50 index was up 0.14% and S&P CNX 500 was up around 0.57%.

Nifty Gainers

Today’s nifty top gainer were
  • COALINDIA changed 4.07% with 31, 78,542 volume
  • MARUTI changed 3.44% with 9, 22,572 volumes
  • KOTAKBANK changed 3.28% with 4, 57,492 volumes
Nifty Losers

Today’s nifty top losers were:
  • BHEL with volume 1, 05, 18,448 and changed -3.89%
  • ACC with volume 12, 32,393 and changed -3.64%
  • RELINFRA with volume 22, 99,438 and changed -2.20%
STOCK MARKET TRADING TIPS: 20TH APRIL 2012

BUY CEATLTD ABOVE 110.75
First Target 111.30
Second Target 112
Stop Loss 110
SELL ACC FUTURES BELOW 1238
First Target 1231
Second Target 1220
Stop Loss 1251
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