Wednesday, 30 May 2012

STOCK MARKET TODAY: 31ST MAY 2012

Stock Trading Levels
NIFTY SPOT LEVEL: 31TH MAY 2012

Today trading is expected between the broad levels of 4920-4995. If the market breaches the level of 4970 on the upper side then the next resistance level will be 4995. But if nifty breaches the support level of 4935 then it may go down till the level of 4920.
              
SUPPORT LEVELS 

Support 1: 4935
Support 2: 4920
RESISTANCE LEVELS
Resistance 1: 4970
Resistance 2: 4995

BANK NIFTY FUTURES: 31TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9430-9685. Bank nifty futures can go down till the level of 9430 once it breaks the level of 9475. On the opposite side once breaking the level of 9600, it is expected to go upward till the level of 9685. Bank nifty will be trading between the narrow ranges of 9475-9600.

SUPPORT LEVELS
Support 1: 9475
Support 2:  9430
RESISTANCE LEVELS 
Resistance 1: 9600
Resistance 2: 9685
STOCK MARKET TODAY: 30TH MAY 2012

The SENSEX closed 126 points down at 16,312 and the NIFTY stood at 4900, down by 39 points.

BSE Small-Cap index was down 1.21% while the BSE Mid-Cap index finished 1.28% down.CNX MIDCAP 50 index was down 1.61% and S&P CNX 500 was down around 0.94%.

Nifty Gainers

Today’s nifty top gainer were :
  • AMBUJACEM changed 4.88% with 26, 80,448 volumes.
  • ACC changed 2.57 % with 3, 50,209 volumes.
  • MARUTI changed 1.65% with 11, 51,146 volumes.


Nifty Losers

Today’s nifty top losers were:
  • TATAMOTORS with volume 4, 04, 96,695 and changed -12.28%.
  • RELINFRA with volume 13, 57,930 and changed -3.85%.
  • IDFC with volume 48, 46,092 and changed -3.73%.
STOCK MARKET TRADING  TIPS TODAY : 31TH MAY 2012

BUY HERCULES ABOVE 297
First Target 300
Second Target 305
Stop Loss 292
BUY TECH MAHINDRA FUTURES ABOVE 698
First Target 702
Second Target 707
Stop Loss 692

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