STOCK TRADING TIPS |
NIFTY SPOT LEVEL: 2ND MAY 2012
Tuesday trading is expected between the broad levels of 5170-5300. If the market breaches the level of 5270 on the upper side then the next resistance level will be 5300. But if nifty breaches the support level of 5210 then it may go down till the level of 5210.
SUPPORT LEVELS
Support 1: 5210
Support 2: 5170
RESISTANCE LEVELS
Resistance 1: 5270
Resistance 2: 5300
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10130-10430. Bank nifty futures can go down till the level of 10130 once it breaks the level of 10200. On the opposite side once breaking the level of 10350, it is expected to go upward till the level of 10430. Bank nifty will be trading between the narrow ranges of 10200-10350.
SUPPORT LEVELS
Support 1: 10200
Support 2: 10130
RESISTANCE LEVELS
Resistance 1: 10350
Resistance 2: 10430
BSE Small-Cap index was up by 0.57% while the BSE Mid-Cap index finished 0.69% up.CNX MIDCAP 50 index was up 0.74% and S&P CNX 500 was up around 0.75%.
Nifty Gainers
Today’s nifty top gainer were:
- TCS changed 3.81% with 23, 02,363 volumes.
- JINDAL STEEL changed 3.73% with 19, 46,425 volume.
- POWERGRID changed 3.08% with 17, 99,662 volumes
Nifty Losers
Today’s nifty top losers were:
- BHEL with volume 54, 26,111 and changed -2.27%
- MARUTI with volume 9, 56,055 and changed -1.75%
- AXISBANK with volume 17, 72,972 and changed -1.38%.
BUY PRADIP ABOVE 93
First Target 94
Second Target 95.50
Stop Loss 92
First Target 874
Second Target 880
Stop Loss 861
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