Tuesday, 15 May 2012

STOCK MARKET TODAY: 16TH MAY 2012


Stock Trading Levels
NIFTY SPOT LEVEL: 16TH MAY 2012

Today trading is expected between the broad levels of 4835-5010. If the market breaches the level of 4975 on the upper side then the next resistance level will be 5010. But if nifty breaches the support level of 4890 then it may go down till the level of 4835.

SUPPORT LEVELS

Support 1: 4890
Support 2: 4835
RESISTANCE LEVELS
Resistance 1: 4975
Resistance 2: 5010
BANK NIFTY FUTURES: 16TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9090-9470. Bank nifty futures can go down till the level of 9090 once it breaks the level of 9200. On the opposite side once breaking the level of 9400, it is expected to go upward till the level of 9470. Bank nifty will be trading between the narrow ranges of 9200-9400.

SUPPORT LEVELS
Support 1: 9200
Support 2:  9090
RESISTANCE LEVELS 
Resistance 1: 9400
Resistance 2: 9470
STOCK MARKET ANALYSIS: 15TH MAY 2012

The SENSEX closed 112 points up at 16,328 and the NIFTY stood at 4942, up by 2835 points.

BSE Small-Cap index was up 0.33% while the BSE Mid-Cap index finished 0.63% up.CNX MIDCAP 50 index was up 0.57% and S&P CNX 500 was up around 0.67%.

Nifty Gainers

Today’s nifty top gainer were

  • SESAGOA changed 5.19% with 39, 09,422 volumes.
  • LT changed 5.18% with 49, 94,160 volumes.
  • CAIRNS changed 3.94% with 24, 79,163 volumes.
  •  
Nifty Losers

Today’s nifty top losers were

  • NTPC with volume 25, 72,922 and changed -3.02%.
  • MARUTI with volume 5, 67,302 and changed -2.89%.
  • IDFC with volume 1, 20, 52,827 and changed -1.98%. 
  •   
  • STOCKS TO PICK: 16TH MAY 2012

BUY KPIT ABOVE 121.50
First Target 123
Second Target 126
Stop Loss 119
BUY ASIANPAINT FUTURES ABOVE 3774
First Target 3785
Second Target 3800
Stop Loss 3760

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