STOCK MARKET TODAY: 23RD MAY 2012

NIFTY SPOT LEVEL: 23^RD 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: 23^RD 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: 22^ND 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 : 23^RD 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

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