Thursday, 7 June 2012

STOCK MARKET TODAY: 8TH JUNE 2012





NIFTY SPOT LEVEL: 8TH 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 4910 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: 8TH JUN 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9725-10100. Bank nifty futures can go down till the level of 9725 once it breaks the level of 9850. On the opposite side once breaking the level of 10040, it is expected to go upward till the level of 10100. Bank nifty will be trading between the narrow ranges of 9850-10040.
SUPPORT LEVELS
Support 1: 9850
Support 2:  9725
RESISTANCE LEVELS 
Resistance 1: 10040
Resistance 2: 10100
STOCK MARKET REVIEW: 7TH JUN 2012
The SENSEX closed 184 points up at 16,650 and the NIFTY stood at 5049, up by 52 points.
BSE Small-Cap index was up 0.46% while the BSE Mid-Cap index finished 0.72% up.CNX MIDCAP 50 index was up 0.98% and S&P CNX 500 was up around 0.85%.
Nifty Gainers
Today’s nifty top gainer were
  • JPASSOCIAT changed 3.63% with 1, 98, 38,186 volumes
  • AXISBANK changed 3.59% with 27, 98,444 volumes
  • ICICIBANK changed 3.54% with 45, 51,601 volumes
Nifty Losers
Today’s nifty top losers were
  • WIPRO with volume 11, 48,016 and changed -2.51%.
  • POWERGRID with volume 23, 80,410 and changed -1.14%.
  • AMBUJACEM with volume 10, 32,405 and changed -1.05%.
STOCK MARKET  TODAY TRADING TIPS : 8TH JUN 2012
BUY GLENMARK PHARMA ABOVE 386
First Target 390
Second Target 395
Stop Loss 380
BUY TTK PRESTIG FUTURE ABOVE 2964
First Target 2980
Second Target 3010
Stop Loss 2940
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