STOCK MARKET TODAY: 29TH MAY 2012

Stock Trading Levels

 NIFTY SPOT LEVEL: 29^TH MAY 2012

Today trading is expected between the broad levels of 4915-5000. If the market breaches the level of 4985 on the upper side then the next resistance level will be 5000. But if nifty breaches the support level of 4945 then it may go down till the level of 4915.

SUPPORT LEVELS

Support 1: 4945

Support 2: 4915

RESISTANCE LEVELS

Resistance 1: 4985

Resistance 2: 5000

BANK NIFTY FUTURES: 29^TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9425-9760. Bank nifty futures can go down till the level of 9425 once it breaks the level of 9535. On the opposite side once breaking the level of 9705, it is expected to go upward till the level of 9760. Bank nifty will be trading between the narrow ranges of 9535-9705.

SUPPORT LEVELS

Support 1: 9535

Support 2:  9425

RESISTANCE LEVELS 

Resistance 1: 9705

Resistance 2: 9760

STOCK MARKET ANALYSIS: 28^TH MAY 2012

The SENSEX closed 199 points up at 16,416 and the NIFTY stood at 4985, up by 65 points.

BSE Small-Cap index was up 0.87% while the BSE Mid-Cap index finished 1.21% up.CNX MIDCAP 50 index was up 1.66% and S&P CNX 500 was up around 1.29%.

Nifty Gainers

Today’s nifty top gainer were :

• SBIN changed 4.84% with 35, 31,292 volumes.
• BHEL changed 4.63% with 64, 24,014 volumes.
• TATAPOWER changed 4.20% with 15, 83,782 volumes.

Nifty Losers

Today’s nifty top losers were:

• GAIL with volume 6, 66,039 and changed -2.71%.
• BPCL with volume 6, 18,533 and changed -2.24%.
• MARUTI with volume 8, 74,065 and changed -1.39%.

 STOCK MARKET TRADING TIPS: 29^TH MAY 2012

BUY JK CEMENT ABOVE 154

First Target 156

Second Target 159

Stop Loss 151

BUY JUBLFOOD FUTURES ABOVE 1299

First Target 1305

Second Target 1315

Stop Loss 1288.45

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