STOCK MARKET TODAY: 12TH JUN 2012

Stock Market Today

NIFTY SPOT LEVEL: 12^TH JUN 2012

Today trading is expected between the broad levels of 4985-5150. If the market breaches the level of 5090 on the upper side then the next resistance level will be 5150. But if nifty breaches the support level of 5010 then it may go down till the level of 4985.

SUPPORT LEVELS

Support 1: 5010

Support 2: 4985

RESISTANCE LEVELS

Resistance 1: 5090

Resistance 2: 5150

BANK NIFTY FUTURES: 12^TH JUN 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9790-10235. Bank nifty futures can go down till the level of 9790 once it breaks the level of 9870. On the opposite side once breaking the level of 10095, it is expected to go upward till the level of 10235. Bank nifty will be trading between the narrow ranges of 9870-10095.

SUPPORT LEVELS

Support 1: 9870

Support 2:  9790

RESISTANCE LEVELS 

Resistance 1: 10095

Resistance 2: 10235

STOCK MARKET ANALYSIS: 11^TH JUN 2012

The SENSEX closed 50 points down at 16,668 and the NIFTY stood at 5054, down by 14 points.

BSE Small-Cap index was up 0.21% while the BSE Mid-Cap index finished 0.20% down.CNX MIDCAP 50 index was down 0.30% and S&P CNX 500 was down around 0.32%.

Nifty Gainers

Today’s nifty top gainer were

• TATAPOWER changed 2.23% with 26, 82,224 volumes.
• BAJAJ-AUTO changed 2.07% with 8, 90,321 volumes.
• GRASIM changed 1.55% with 55,158 volumes.

Nifty Losers

Today’s nifty top losers were

• HCLTECH with volume 23, 59,442 and changed -3.46%.
• BHEL with volume 48, 69,307 and changed -2.83%.
• CIPLA with volume 12, 22,119 and changed -2.62%.

 STOCK MARKET TRADING TODAY : 12^TH JUN 2012

BUY GIPCL ABOVE 70

First Target 71

Second Target 73

Stop Loss 68

BUY ASIAN PAINT FUTURE ABOVE 3900

First Target 3910

Second Target 3925

Stop Loss 3880

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