STOCK MARKET TODAY: 24TH MAY 2012

Stock Trading Levels

NIFTY SPOT LEVEL: 24^TH MAY 2012

Today trading is expected between the broad levels of 4780-4880. If the market breaches the level of 4855 on the upper side then the next resistance level will be 4880. But if nifty breaches the support level of 4805 then it may go down till the level of 4780.

            

SUPPORT LEVELS

Support 1: 4805

Support 2: 4780

RESISTANCE LEVELS

Resistance 1: 4855

Resistance 2: 4880

BANK NIFTY FUTURES: 24^TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9080-9360. Bank nifty futures can go down till the level of 9080 once it breaks the level of 9145. On the opposite side once breaking the level of 9285, it is expected to go upward till the level of 9360. Bank nifty will be trading between the narrow ranges of 9145-9285.

SUPPORT LEVELS

Support 1: 9145

Support 2:  9080

RESISTANCE LEVELS 

Resistance 1: 9285

Resistance 2: 9360

STOCK MARKET ANALYSIS: 23^RD MAY 2012

The SENSEX closed 78 points down at 15,948 and the NIFTY stood at 4835, down by 24 points.

BSE Small-Cap index was down 0.58% while the BSE Mid-Cap index finished 0.41% down.CNX MIDCAP 50 index was down 0.52% and S&P CNX 500 was down around 0.54%.

Nifty Gainers

Today’s nifty top gainer were

• GAIL changed 3.54% with 17, 79,558 volumes.
• RANBAXY changed 1.73% with 10, 07,617 volumes.
• IDFC changed 1.39% with 71, 60,441 volumes.

Nifty Losers

Today’s nifty top losers were

• BHARTIARTL with volume 50, 13,328 and changed -4.68%.
• KOTAKBANK with volume 10, 27,524 and changed -3.91%.
• SESAGOA with volume31, 80,688 and changed -3.78%.

STOCK MARKET TRADING TIPS  : 24^TH MAY 2012

BUY WOCKHARDT PHARMA ABOVE 824

First Target 829

Second Target 836

Stop Loss 817

SELL SESAGOA FUTURES BELOW 176

First Target 174.50

Second Target 171

Stop Loss 178

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