STOCK MARKET TODAY: 9TH APRIL 2012

NIFTY SPOT LEVEL: 9^TH APRIL 2012

Today trading is expected between the broad levels of 5290-5370. If the market breaches the level of 5350 on the upper side then the next resistance level will be 5370. But if nifty breaches the support level of 5310 then it may go down till the level of 5290. 

SUPPORT LEVELS

Support 1: 5310

Support 2: 5290

RESISTANCE LEVELS

Resistance 1: 5350

Resistance 2: 5370

BANK NIFTY FUTURES: 9^TH APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10230-10450. Bank nifty futures can go down till the level of 10230 once it breaks the level of 10300. On the opposite side once breaking the level of 10400, it is expected to go upward till the level of 10450. Bank nifty will be trading between the narrow ranges of 10300-10400.

SUPPORT LEVELS

Support 1: 10300

Support 2:  10230

RESISTANCE LEVELS 

Resistance 1: 10400

Resistance 2: 10450

STOCK MARKET REVIEW: 4^TH APRIL 2012

The SENSEX closed 111 points down at 17,485 and the NIFTY stood at 5322, down by 35 points.

BSE Small-Cap index was up by 0.40% while the BSE Mid-Cap index finished 0.03% down.CNX MIDCAP 50 index was down 0.11% and S&P CNX 500 was down around 0.41%.

Nifty Gainers

Today’s nifty top gainer were

BHEL changed 3.60% with 1, 12, 58,046 volumes.

RANBAXY changed 3.33% with 11, 95,738 volumes.

DRREDDY changed 1.42% with 3, 28,995 volumes.

Nifty Losers

Today’s nifty top losers were

JINDALSTEEL with volume 14, 89,272 and changed -3.44%

GAIL with volume 12, 97,949 and changed -3.38%

JPASSOCIAT with volume 1, 72, 30,993 and changed -2.37%

STOCK MARKET TRADING TIPS : 9^TH APRIL 2012

BUY HITACHIHOME ABOVE 143

First Target 144.30

Second Target 146

Stop Loss 139.90

BUY HINDALCO FUTURES ABOVE 135

First Target 136

Second Target 137.50

Stop Loss 134.10

Click Here For Commodity Tips