Monday 4 June 2012

STOCK MARKET TODAY: 5TH JUNE 2012

Stock Market today Trading Levels
NIFTY SPOT LEVEL: 5TH JUN 2012

Today trading is expected between the broad levels of 4740-4915. If the market breaches the level of 4885 on the upper side then the next resistance level will be 4915. But if nifty breaches the support level of 4800 then it may go down till the level of 4740.

SUPPORT LEVELS

Support 1: 4800
Support 2: 4740
RESISTANCE LEVELS
Resistance 1: 4885
Resistance 2: 4915
BANK NIFTY FUTURES: 5TH JUN 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9010-9600. Bank nifty futures can go down till the level of 9010 once it breaks the level of 9200. On the opposite side once breaking the level of 9500, it is expected to go upward till the level of 9600. Bank nifty will be trading between the narrow ranges of 9200-9500.

SUPPORT LEVELS
Support 1: 9200
Support 2:  9010
RESISTANCE LEVELS 
Resistance 1: 9500
Resistance 2: 9600
STOCK MARKET ANALYSIS : 4TH JUN 2012

The SENSEX closed 43 points down at 16,008 and the NIFTY stood at 4848, down by 6 points.

BSE Small-Cap index was down 0.12% while the BSE Mid-Cap index finished 0.13% down.CNX MIDCAP 50 index was down 0.23% and S&P CNX 500 was down around 0.03%.

Nifty Gainers

Today’s nifty top gainer were

  • JPASSOCIAT changed 5.59% with 1, 90, 45,604 volumes
  • SIEMENS changed 4.60% with 1, 28,413 volumes
  • BANKBARODA changed 3.77% with 7, 68,662 volumes

 Nifty Losers

Today’s nifty top losers were

  • GAIL with volume 14, 86,582 and changed -3.07%.
  • JINDALSTEL with volume 25, 67,601 and changed -2.92%.
  • TATAPOWER with volume 24, 93,363 and changed -2.85%.

 STOCK MARKET TRADING TODAY : 5TH JUN 2012

BUY MCX INDIA ABOVE 995
First Target 1002
Second Target 1012
Stop Loss 985
SELL ASIANPAINT FUTURES ABOVE 3660
First Target 3650
Second Target 3630
Stop Loss 3680

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Stock Market Today News

Stock Market Today News Updates  
Sensex gains for second day; banking shares lead
The BSE benchmark Sensex today rose by nearly 99 points to trade over the 16,000-mark in early trade on buying by funds and retail investors supported by hopes of rate cut by RBI and recovery in rupee against the US dollar in forex market.

In addition, a firming trend on other Asian bourses also buoyed the trading sentiment here.

The 30-share barometer, which had gained 23.24 points yesterday, added 98.66 points, or 0.61 per cent, to 16,087.06.

All sectoral indices, led by banking, capital goods and metal, were trading in the positive zone with gains of up to 1.04 per cent.

The wide-based National Stock Exchange index Nifty moved up by 32.40 points, or 0.66 per cent, to 4,880.55.
HDFC Bank up 1.6 per cent, while State Bank of India adds 1.3 per cent

The rupee strengthens to its highest in more than a week.
Traders say falling oil prices also improving domestic sentiment. Globally, investors looking ahead at outcome of emergency G7 meeting later in the day.
The BSE benchmark Sensex today rose by nearly 99 points to trade over the 16,000-mark in early trade on buying by funds and retail investors supported by hopes of rate cut by RBI and recovery in rupee against the US dollar in forex market.

In addition, a firming trend on other Asian bourses also buoyed the trading sentiment here.

The 30-share barometer, which had gained 23.24 points yesterday, added 98.66 points, or 0.61 per cent, to 16,087.06.

All sectoral indices, led by banking, capital goods and metal, were trading in the positive zone with gains of up to 1.04 per cent.

The wide-based National Stock Exchange index Nifty moved up by 32.40 points, or 0.66 per cent, to 4,880.55.
 

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