Wednesday, 9 May 2012

STOCK MARKET TODAY: 10TH MAY 2012

Stock Trading Levels
 NIFTY SPOT LEVEL: 10TH MAY 2012

Today trading is expected between the broad levels of 4920-5040. If the market breaches the level of 5010 on the upper side then the next resistance level will be 5040. But if nifty breaches the support level of 4950 then it may go down till the level of 4920.

SUPPORT LEVELS

Support 1: 4950
Support 2: 4920
RESISTANCE LEVELS
Resistance 1: 5010
Resistance 2: 5040
BANK NIFTY FUTURES: 10TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9210-9670. Bank nifty futures can go down till the level of 9210 once it breaks the level of 9310. On the opposite side once breaking the level of 9540, it is expected to go upward till the level of 9670. Bank nifty will be trading between the narrow ranges of 9310-9540.

SUPPORT LEVELS
Support 1: 9310
Support 2:  9210
RESISTANCE LEVELS 
Resistance 1: 9540
Resistance 2: 9670
STOCK MARKET ANALYSIS: 9TH MAY 2012

The SENSEX closed 66 points down at 16,480 and the NIFTY stood at 4974, down by 25 points.

BSE Small-Cap index was up down 1.23% while the BSE Mid-Cap index finished 0.98% down.CNX MIDCAP 50 index was down 1.09% and S&P CNX 500 was down around 0.72%.

Nifty Gainers

Today’s nifty top gainer were :
  • ITC changed 5.73% with 1, 33, 15,296 volumes.
  • RANBAXY changed 3.78% with 34, 66,079 volumes.
  • BAJAJAUTO changed 2.42% with 4, 49,672 volumes.

Nifty Losers

Today’s nifty top losers were
  • JPASSOCIAT with volume 1, 04, 31,156 and changed -2.89%.
  • SAIL with volume 10, 19,936 and changed -2.57%.
  • GRASIM with volume 11,377 and changed -2.54%.
STOCKS TO PICK: 10TH MAY 2012

BUY RALLIS INDIA ABOVE 130
First Target 132.50
Second Target 136
Stop Loss 126
BUY BOSCHLTD FUTURES ABOVE 9140
First Target 9160
Second Target 9190
Stop Loss 9109
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