Wednesday, 2 May 2012

STOCK MARKET TODAY: 3RD MAY 2012

Stock Trading Tips
NIFTY SPOT LEVEL: 3RD MAY 2012

Today trading is expected between the broad levels of 5190-5300. If the market breaches the level of 5260 on the upper side then the next resistance level will be 5300. But if nifty breaches the support level of 5210 then it may go down till the level of 5190.

SUPPORT LEVELS

Support 1: 5210
Support 2: 5190
RESISTANCE LEVELS
Resistance 1: 5260
Resistance 2: 5300
BANK NIFTY FUTURES: 3RD MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10200-10410. Bank nifty futures can go down till the level of 10200 once it breaks the level of 10240. On the opposite side once breaking the level of 10350, it is expected to go upward till the level of 10410. Bank nifty will be trading between the narrow ranges of 10240-10350.

SUPPORT LEVELS
Support 1: 10240
Support 2:  10200
RESISTANCE LEVELS 
Resistance 1: 10350
Resistance 2: 10410
STOCK MARKET ANALYSIS: 2ND MAY 2012

The SENSEX closed 18 points down at 17,301 and the NIFTY stood at 5240, down by 9 points.

BSE Small-Cap index was up by 0.20% while the BSE Mid-Cap index finished 0.27% down.CNX MIDCAP 50 index was down 0.36% and S&P CNX 500 was down around 0.49%.

Nifty Gainers

Today’s nifty top gainer were :
DLF changed 2.89% with 72, 08,417 volumes

BHARTIARTL changed 2.51% with 67, 70,705 volumes

CIPLA changed 1.97% with 15, 68,105 volumes

Nifty Losers

Today’s nifty top losers were:
  • TATMOTOR with volume 1, 01, 71,756 and changed -3.55%
  • MARUTI with volume 6, 66,676 and changed -3.42%
  • GRASIM with volume 39,267 and changed -2.63%
STOCK MARKET TRADING TIPS : 3RD MAY 2012

BUY PHOENIX MILLS ABOVE 217
First Target 219
Second Target 222
Stop Loss 215
BUY DIVISLAB FUTURES ABOVE 888
First Target 894
Second Target 900
Stop Loss 882

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