STOCK MARKET TODAY: 22 ND JUNE 2012

Stock Market Today

NIFTY SPOT LEVEL: 22^ND JUN 2012

Today trading is expected between the broad levels of 5070-5220. If the market breaches the level of 5195 on the upper side then the next resistance level will be 5220. But if nifty breaches the support level of 5120 then it may go down till the level of 5070.

SUPPORT LEVELS

Support 1: 5120

Support 2: 5070

RESISTANCE LEVELS

Resistance 1: 5195

Resistance 2: 5220

BANK NIFTY FUTURES: 22^ND JUN 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9670-10225. Bank nifty futures can go down till the level of 9670 once it breaks the level of 9850. On the opposite side once breaking the level of 10130, it is expected to go upward till the level of 10225. Bank nifty will be trading between the narrow ranges of 9850-10130.

SUPPORT LEVELS

Support 1: 9850

Support 2:  9670

RESISTANCE LEVELS 

Resistance 1: 10130

Resistance 2: 10225

STOCK MARKET REVIEW: 21^ST JUN 2012

The SENSEX closed 135 points up at 17,032 and the NIFTY stood at 5,165 up by 44 points.

BSE Small-Cap index was up 0.76% while the BSE Mid-Cap index finished 0.81% up.CNX MIDCAP 50 index was up 1.31% and S&P CNX 500 was up around 1.16%.

Nifty Gainers

Today’s nifty top gainer were

• JPASSOCIAT changed 4.70% with 2, 20, 69,360 volumes.
• RELINFRA changed 4.44% with 29, 40,016 volumes.
• DLF changed 4.05% with 70, 78,592 volumes.

Nifty Losers

Today’s nifty top losers were

• RELIANCE with volume 51, 68,092 and changed -2.56%.
• CAIRNS with volume 25, 80,281 and changed -2.47 %.
• TCS with volume 20, 77,990 and changed -2.28%.

STOCK MARKET TRADING TODAY : 22^ND JUN 2012

BUY VENKEYS ABOVE 446

First Target 449

Second Target 454

Stop Loss 441

BUY HINDOILEXP FUTURE ABOVE 137

First Target 138

Second Target 140

Stop Loss 135.45

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