STOCK MARKET TODAY: 23RD APRIL 2012

Stock Trading Levels

NIFTY SPOT LEVEL: 23^RD APRIL 2012

Monday trading is expected between the broad levels of 5200-5380. If the market breaches the level of 5335 on the upper side then the next resistance level will be 5380. But if nifty breaches the support level of 5245 then it may go down till the level of 5200.

SUPPORT LEVELS

Support 1: 5245

Support 2: 5200

RESISTANCE LEVELS

Resistance 1: 5335

Resistance 2: 5380

BANK NIFTY FUTURES: 23^RD APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10270-10660. Bank nifty futures can go down till the level of 10270 once it breaks the level of 10360. On the opposite side once breaking the level of 10550, it is expected to go upward till the level of 10660. Bank nifty will be trading between the narrow ranges of 10360-10550.

SUPPORT LEVELS

Support 1: 10360

Support 2:  10270

RESISTANCE LEVELS 

Resistance 1: 10550

Resistance 2: 10660

STOCK MARKET ANALYSIS: 20^TH APRIL 2012

The SENSEX closed 129 points down at 17,373 and the NIFTY stood at 5290, down by 40 points.

BSE Small-Cap index was down by 0.47% while the BSE Mid-Cap index finished 0.98% down.CNX MIDCAP 50 index was down 0.95% and S&P CNX 500 was down around 0.79%.

Nifty Gainers

Today’s nifty top gainer were :

• M&M changed 2.75% with 31, 06,318 volumes.
• WIPRO changed 1.01% with 9, 48,719 volumes.
• CIPLA changed 0.70% with 13, 22,510 volumes.

 Nifty Losers

Today’s nifty top losers were:

• IDFC with volume 65, 35,248 and changed -3.30%.
• JPASSOCIAT with volume 1, 56, 91,719 and changed -2.87%.
• SIEMENS with volume 1, 14,023 and changed -2.52%.

STOCK MARKET TRADING TIPS : 23^RD APRIL 2012

BUY FLEXITUFF ABOVE 339

First Target 342

Second Target 345

Stop Loss 335

BUY M&M FUTURES ABOVE 727

First Target 730

Second Target 735

Stop Loss 720

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