Wednesday, 6 June 2012

STOCK MARKET TODAY: 7TH JUNE 2012

Stock Market Today Levels

NIFTY SPOT LEVEL: 7TH 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: 7TH 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: 6TH 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 : 7TH 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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