Monday, 28 May 2012

STOCK MARKET TODAY: 29TH MAY 2012

Stock Trading Levels
 NIFTY SPOT LEVEL: 29TH 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: 29TH 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: 28TH 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: 29TH 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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