Tuesday, 22 May 2012

STOCK MARKET TODAY: 23RD MAY 2012

NIFTY SPOT LEVEL: 23RD MAY 2012

Tomorrow trading is expected between the broad levels of 4780-4995. If the market breaches the level of 4925 on the upper side then the next resistance level will be 4995. But if nifty breaches the support level of 4820 then it may go down till the level of 4780.

SUPPORT LEVELS

Support 1: 4820
Support 2: 4780
RESISTANCE LEVELS
Resistance 1: 4925
Resistance 2: 4995

BANK NIFTY FUTURES: 23RD MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9080-9615. Bank nifty futures can go down till the level of 9080 once it breaks the level of 9170. On the opposite side once breaking the level of 9440, it is expected to go upward till the level of 9615. Bank nifty will be trading between the narrow ranges of 9170-9440.

SUPPORT LEVELS
Support 1: 9170
Support 2:  9080
RESISTANCE LEVELS 
Resistance 1: 9440
Resistance 2: 9615
STOCK MARKET ANALYSIS: 22ND MAY 2012


The SENSEX closed 156 points down at 16,026 and the NIFTY stood at 4860, down by 45 points.

BSE Small-Cap index was down 0.68% while the BSE Mid-Cap index finished 0.59% down.CNX MIDCAP 50 index was down 0.66% and S&P CNX 500 was down around 0.89%.

Nifty Gainers

Today’s nifty top gainer were

  • TCS changed 2.46% with 11, 80,458 volumes.
  • HCLTECH changed 2.20% with 3, 35,478 volumes.
  • TATAMOTORS changed 1.55% with 85, 07,484 volumes.

Nifty Losers

Today’s nifty top losers were

  • SESAGOA with volume 36, 53,294 and changed -5.38%.
  • TATAPOWER with volume 49, 53,978 and changed -5.33%.
  • MARUTI with volume 9, 50,870 and changed -5.04%.
STOCK MARKET TRADING TIPS : 23RD MAY 2012

BUY WOCKHARDT PHARMA ABOVE 729
First Target 734
Second Target 740
Stop Loss 724
SELL SESAGOA FUTURES BELOW 178
First Target 176.50
Second Target 175
Stop Loss 172

Get free Stock Market Trading Tips, Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares to pick, Stock To Watch.
FREE SUBSCRIPTION

0 comments:

 
Real Time Analytics