Tuesday, 29 May 2012

STOCK MARKET TODAY: 30TH MAY 2012

NIFTY SPOT LEVEL: 30TH MAY 2012
Today trading is expected between the broad levels of 4955-5030. If the market breaches the level of 5010 on the upper side then the next resistance level will be 5030. But if nifty breaches the support level of 4970 then it may go down till the level of 4955.

SUPPORT LEVELS

Support 1: 4970
Support 2: 4955
RESISTANCE LEVELS
Resistance 1: 5010
Resistance 2: 5030
BANK NIFTY FUTURES: 30TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9625-9820. Bank nifty futures can go down till the level of 9625 once it breaks the level of 9660. On the opposite side once breaking the level of 9760, it is expected to go upward till the level of 9820. Bank nifty will be trading between the narrow ranges of 9660-9760.

SUPPORT LEVELS
Support 1: 9660
Support 2:  9625
RESISTANCE LEVELS 
Resistance 1: 9760
Resistance 2: 9820
STOCK MARKET REVIEW: 29TH MAY 2012

The SENSEX closed 21 points up at 16,438 and the NIFTY stood at 4990, up by 5 points.

BSE Small-Cap index was up 0.17% while the BSE Mid-Cap index finished 0.14% down.CNX MIDCAP 50 index was down 0.47% and S&P CNX 500 was up around 0.01%.


Nifty Gainers

Today’s nifty top gainer were:
  • HCLTECH changed 2.63% with 12, 08,208 volumes.
  • CAIRNS changed 2.27% with 22, 58,653 volumes.
  • WIPRO changed 2.16% with 7, 33,323 volumes.

Nifty Losers

Today’s nifty top losers were:
  • ACC with volume 3, 13,542 and changed -2.44%.
  • BPCL with volume 8, 25,257 and changed -2.26%.
  • IDFC with volume 53, 40,199 and changed -1.93%.
STOCK MARKET TRADING TIPS : 30TH MAY 2012

BUY APOLLO HOSPITAL ABOVE 687
First Target 692
Second Target 700
Stop Loss 680
BUY JSWSTEEL FUTURES ABOVE 628
First Target 632
Second Target 638
Stop Loss 622

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