Tuesday 3 April 2012

STOCK MARKET TODAY: 4TH APRIL 2012

NIFTY SPOT LEVEL: 4TH APRIL 2012

Tomorrow trading is expected between the broad levels of 5320-5400. If the market breaches the level of 5370 on the upper side then the next resistance level will be 5400. But if nifty breaches the support level of 5340 then it may go down till the level of 5320. 







SUPPORT LEVELS 

Support 1: 5340
Support 2: 5320
RESISTANCE LEVELS
Resistance 1: 5370
Resistance 2: 5400
BANK NIFTY FUTURES: 4TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10300-10560. Bank nifty futures can go down till the level of 10300 once it breaks the level of 10365. On the opposite side once breaking the level of 10490, it is expected to go upward till the level of 10560. Bank nifty will be trading between the narrow ranges of 10365-10490.

SUPPORT LEVELS
Support 1: 10365
Support 2:  10300
RESISTANCE LEVELS 
Resistance 1: 10490
Resistance 2: 10560
STOCK MARKET ANALYSIS: 3RD APRIL 2012

The SENSEX closed 119 points up at 17,597 and the NIFTY stood at 5358, up by 40 points.

BSE Small-Cap index was up by 1.14% while the BSE Mid-Cap index finished 0.95% up.CNX MIDCAP 50 index was up 0.69% and S&P CNX 500 was up around 0.78%.

Nifty Gainers

Today’s nifty top gainer were :
  • JPASSOCIAT changed 4.66% with 2, 73, 66,500 volumes.
  • CAIRNINDIA changed 3.96% with 30, 42,524 volumes.
  • HINDALCO changed 3.50% with 94, 35,721 volumes.
Nifty Losers

Today’s nifty top losers were:
  • DRREDDY with volume 6, 14,320 and changed -2.55%.
  • HEROMOTO with volume 3, 34,768 and changed -2.49%.
  • MARUTI with volume 4, 74,879 and changed-2.26%.
STOCK  MARKET TRADING TIPS: 4TH APRIL 2012

BUY GUJRAT GAS ABOVE 406
First Target 409
Second Target 411.50
Stop Loss 403
BUY ABB FUTURES ABOVE 564
First Target 870
Second Target 876
Stop Loss 856
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