STOCK MARKET TODAY: 7TH MAY 2012

STOCK TRADING LEVELS

NIFTY SPOT LEVEL: 7^TH MAY 2012

Monday trading is expected between the broad levels of 5000-5210. If the market breaches the level of 5150 on the upper side then the next resistance level will be 5210. But if nifty breaches the support level of 5040 then it may go down till the level of 5000.

SUPPORT LEVELS

Support 1: 5040

Support 2: 5000

RESISTANCE LEVELS

Resistance 1: 5150

Resistance 2: 5210

BANK NIFTY FUTURES: 7^TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9550-10180. Bank nifty futures can go down till the level of 9550 once it breaks the level of 9960. On the opposite side once breaking the level of 9980, it is expected to go upward till the level of 10180. Bank nifty will be trading between the narrow ranges of 10065-10220.

SUPPORT LEVELS

Support 1: 9960

Support 2:  9550

RESISTANCE LEVELS 

Resistance 1: 9980

Resistance 2: 10180

STOCK MARKET ANALYSIS: 4^TH MAY 2012

The SENSEX closed 327 points down at 16,824 and the NIFTY stood at 5087, down by 101 points.

BSE Small-Cap index was down by 1.81% while the BSE Mid-Cap index finished 2.15% down.CNX MIDCAP 50 index was down 1.94% and S&P CNX 500 was down around 1.88%.

Nifty Gainers

Today’s nifty top gainer were 

• CIPLA changed 2.93% with 45, 11,369 volumes
• SUNPHARMA changed 0.83% with 8, 48,708 volumes
• WIPRO changed 0.64% with 19,92,155 volumes

Nifty Losers

Today’s nifty top losers were

• BANKBARODA with volume 37, 88,687 and changed -6.23%
• PNB with volume 5, 80,646 and changed -5.07%
• BHEL with volume 87, 00,839 and changed -5.04%

STOCK MARKET TRADING TIPS : 7^TH MAY 2012

BUY NIITTECH ABOVE 260

First Target 263

Second Target 267

Stop Loss 256

SELL IRB FUTURES BELOW 123

First Target 121

Second Target 118

Stop Loss 126