Thursday, 10 May 2012

STOCK MARKET TODAY: 11TH MAY 2012


NIFTY SPOT LEVEL: 11TH MAY 2012

Today trading is expected between the broad levels of 4900-5075. If the market breaches the level of 5020 on the upper side then the next resistance level will be 5075. But if nifty breaches the support level of 4930 then it may go down till the level of 4900.

SUPPORT LEVELS

Support 1: 4930
Support 2: 4900
RESISTANCE LEVELS
Resistance 1: 5020
Resistance 2: 5075
BANK NIFTY FUTURES: 11TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9230-9670. Bank nifty futures can go down till the level of 9230 once it breaks the level of 9320. 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 9320-9540.

SUPPORT LEVELS
Support 1: 9320
Support 2:  9230
RESISTANCE LEVELS 
Resistance 1: 9540
Resistance 2: 9670
STOCK MARKET ANALYSIS: 10TH MAY 2012

The SENSEX closed 60 points down at 16,420 and the NIFTY stood at 4965, down by 10 points.

BSE Small-Cap index was up down 0.24% while the BSE Mid-Cap index finished 0.06% up.CNX MIDCAP 50 index was up 0.11% and S&P CNX 500 was down around 0.10%.

Nifty Gainers

Today’s nifty top gainer were
  • CAIRN changed 3.87% with 32, 45,893 volumes.
  • IDFC changed 2.78% with 1, 48, 59,618 volumes.
  • BPCL changed 2.62% with 6, 63,060 volumes.

Nifty Losers

Today’s nifty top losers were
  • MARUTI with volume 4, 15,223 and changed -3.54%.
  • JINDALSTEEL with volume 18, 02,627 and changed -3.46%.
  • RANBAXY with volume 15, 00,149 and changed -3.12%.
STOCK MARKET TRADING TIPS : 11TH MAY 2012

BUY AANJANIYA LIFECARE ABOVE 525
First Target 530
Second Target 536
Stop Loss 518
 BUY BPCL FUTURES ABOVE 710
First Target 714
Second Target 720
Stop Loss 704
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