STOCK MARKET TODAY: 29TH JUNE 2012

STOCK MARKET TODAY

NIFTY SPOT LEVEL: 29^TH JUN 2012

Today trading is expected between the broad levels of 5100-5175. If the market breaches the level of 5155 on the upper side then the next resistance level will be 5175. But if nifty breaches the support level of 5120 then it may go down till the level of 5100.

SUPPORT LEVELS

Support 1: 5120

Support 2: 5100

RESISTANCE LEVELS

Resistance 1: 5155

Resistance 2: 5175

BANK NIFTY FUTURES: 29^TH JUN 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9885-10090. Bank nifty futures can go down till the level of 9885 once it breaks the level of 9920. On the opposite side once breaking the level of 10025, it is expected to go upward till the level of 10090. Bank nifty will be trading between the narrow ranges of 9920-10025.

SUPPORT LEVELS

Support 1: 9920

Support 2:  9885

RESISTANCE LEVELS 

Resistance 1: 10025

Resistance 2: 10090

STOCK MARKET ANALYSIS: 28^TH JUN 2012

The SENSEX closed 23 points down at 16,990 and the NIFTY stood at 5,135 down by 6 points.

BSE Small-Cap index was up 0.22% while the BSE Mid-Cap index finished 0.07% up.CNX MIDCAP 50 index was up 0.04% and S&P CNX 500 was up around 0.13%.

Nifty Gainers

Today’s nifty top gainer were

• JPASSOCIAT changed 2.74% with 1, 43, 68,750 volumes.
• TATASTEEL changed 1.49% with 49, 35,130 volumes.
• ACC changed 1.49% with 3, 88,261 volumes.

Nifty Losers

Today’s nifty top losers were:

• SESAGOA with volume 26, 52,753 and changed -3.13%.
• GAIL with volume 20, 08,336 and changed -2.73%.
• IDFC with volume 39, 10,050 and changed -2.55%.

STOCK MARKET TRADING TODAY : 29^TH JUN 2012

BUY HIKAL LTD ABOVE 326

First Target 329

Second Target 334

Stop Loss 321

BUY LUPIN FUTURES ABOVE 535

First Target 538

Second Target 542

Stop Loss 530

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