STOCK MARKET TODAY: 7TH JUNE 2012

Stock Market Today Levels

NIFTY SPOT LEVEL: 7^TH JUN 2012

Today trading is expected between the broad levels of 4840-5085. If the market breaches the level of 5040 on the upper side then the next resistance level will be 5085. But if nifty breaches the support level of 4940 then it may go down till the level of 4840.

SUPPORT LEVELS

Support 1: 4910

Support 2: 4840

RESISTANCE LEVELS

Resistance 1: 5040

Resistance 2: 5085

BANK NIFTY FUTURES: 7^TH JUN 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9420-9925. Bank nifty futures can go down till the level of 9420 once it breaks the level of 9580. On the opposite side once breaking the level of 9830, it is expected to go upward till the level of 9925. Bank nifty will be trading between the narrow ranges of 9580-9830.

SUPPORT LEVELS

Support 1: 9580

Support 2:  9420

RESISTANCE LEVELS 

Resistance 1: 9830

Resistance 2: 9925

STOCK MARKET ANALYSIS: 6^TH JUN 2012

The SENSEX closed 433 points up at 16,454 and the NIFTY stood at 4997, up by 133 points.

BSE Small-Cap index was up 1.48% while the BSE Mid-Cap index finished 1.78% up.CNX MIDCAP 50 index was up 2.12% and S&P CNX 500 was up around 2.50%.

Nifty Gainers

Today’s nifty top gainer were

• TATAMOTOR changed 5.41% with 2, 67, 29,892 volumes
•  HEROMOTO changed 5.08% with 8, 06,930 volumes
• JINDALSTEEL changed 4.87% with 61, 85,148 volumes

Nifty Losers

Today’s nifty top losers were:

• CIPLA with volume 9, 38,541 and changed -0.34%
• BPCL with volume 4, 36,550 and changed -0.26%
• DRREDDY with volume 6, 76,133 and changed -0.21%

STOCK MARKET TODAY : 7^TH JUN 2012

BUY STRIDES ACROLAB LTD ABOVE 745

First Target 750

Second Target 757

Stop Loss 738

BUY ASIAN PAINT FUTURE ABOVE 3837

First Target 3850

Second Target 3870

Stop Loss 3815

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