Tuesday, 8 May 2012

STOCK MARKET TODAY: 9TH MAY 2012

Stock Trading Tips

NIFTY SPOT LEVEL: 9TH MAY 2012

Today trading is expected between the broad levels of 4900-5170. If the market breaches the level of 5085 on the upper side then the next resistance level will be 5170. But if nifty breaches the support level of 4950 then it may go down till the level of 4900.
            
SUPPORT LEVELS
Support 1: 4950
Support 2: 4900
RESISTANCE LEVELS
Resistance 1: 5085
Resistance 2: 5170
BANK NIFTY FUTURES: 9TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9280-10080. Bank nifty futures can go down till the level of 9280 once it breaks the level of 9435. On the opposite side once breaking the level of 9835, it is expected to go upward till the level of 10080. Bank nifty will be trading between the narrow ranges of 9435-9835.

SUPPORT LEVELS
Support 1: 9435
Support 2:  9280
RESISTANCE LEVELS 
Resistance 1: 9835
Resistance 2: 10080
STOCK MARKET ANALYSIS: 8TH MAY 2012

The SENSEX closed 366 points down at 16,546 and the NIFTY stood at 5000, down by 114 points.

BSE Small-Cap index was up down 0.87% while the BSE Mid-Cap index finished 1.28% down.CNX MIDCAP 50 index was down 1.48% and S&P CNX 500 was down around 2.02%.

                                            
Nifty Gainers

Today’s nifty top gainer were :
  • IGAL changed 1.91% with 21, 02,572 volumes.
  • COALINDIA changed 1.52% with 31, 12,575 volumes.
  • HINDALCO changed 1.38% with 1, 58, 45,527 volumes.

Nifty Losers

Today’s nifty top losers were
  • JPASSOCIAT with volume 2, 52, 62,332 and changed -8.77%.
  • RELINFRA with volume 19, 77,621 and changed -5.94%.
  • TCS with volume 48, 15,789 and changed -5.75%.
 STOCK MARKET TRADING TIPS  : 9TH MAY 2012

BUY DREDGING CORPORATION ABOVE 260
First Target 263
Second Target 267
Stop Loss 256
BOSCHLTD FUTURES ABOVE 9018
First Target 9040
Second Target 9075
Stop Loss 8999
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