Monday, 7 May 2012

STOCK MARKET TODAY: 8TH MAY 2012

Stock Trading Tips
NIFTY SPOT LEVEL: 8TH MAY 2012
Today trading is expected between the broad levels of 4940-5215. If the market breaches the level of 5170 on the upper side then the next resistance level will be 5215. But if nifty breaches the support level of 5030 then it may go down till the level of 4940.

SUPPORT LEVELS

Support 1: 5030
Support 2: 4940
RESISTANCE LEVELS
Resistance 1: 5170
Resistance 2: 5215
BANK NIFTY FUTURES: 8TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9330-10190. Bank nifty futures can go down till the level of 9330 once it breaks the level of 9610. On the opposite side once breaking the level of 10050, it is expected to go upward till the level of 10190. Bank nifty will be trading between the narrow ranges of 9610-10050.

SUPPORT LEVELS
Support 1: 9610
Support 2:  9330
RESISTANCE LEVELS 
Resistance 1: 10050
Resistance 2: 10190
STOCK MARKET ANALYSIS: 7TH MAY 2012
The SENSEX closed 81 points up at 16,912 and the NIFTY stood at 5114, up by 27 points.

BSE Small-Cap index was up by 0.30% while the BSE Mid-Cap index finished 0.52% up.CNX MIDCAP 50 index was up 0.34% and S&P CNX 500 was up around 0.59%.


Nifty Gainers

Today’s nifty top gainer were
  • BHEL changed 5.75% with 96, 89,950 volumes.
  • BPCL changed 5.00% with 10, 41,566 volumes.
  • LT changed 4.61% with 32, 17,151 volumes.
Nifty Losers

Today’s nifty top losers were:
  • CAIRNINDIA with volume 33, 14,162 and changed -2.39%. 
  • JPASSOCIAT with volume 2, 16, 01,549 and changed -2.25%. 
  • HCLTECH with volume 4, 16,391 and changed -2.17%.
STOCK MARKET TRADING TIPS : 8TH MAY 2012

BUY LOVABLE ABOVE 375
First Target 378
Second Target 382
Stop Loss 371
BUY JSWSTELL FUTURES ABOVE 748
First Target 752
Second Target 756
Stop Loss 742

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