STOCK MARKET TODAY: 10TH JULY 2012

NIFTY SPOT LEVEL: 10^TH JULY 2012

Today trading is expected between the broad levels of 5230-5320. If the market breaches the level of 5295 on the upper side then the next resistance level will be 5320. But if nifty breaches the support level of 5250 then it may go down till the level of 5230.

SUPPORT LEVELS

Support 1: 5250

Support 2: 5230

RESISTANCE LEVELS

Resistance 1: 5295

Resistance 2: 5320

BANK NIFTY FUTURES: 10^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10475-10700. Bank nifty futures can go down till the level of 10475 once it breaks the level of 10540. On the opposite side once breaking the level of 10650, it is expected to go upward till the level of 10700. Bank nifty will be trading between the narrow ranges of 10540-10650.

SUPPORT LEVELS

Support 1: 10540

Support 2:  10475

RESISTANCE LEVELS 

Resistance 1: 10650

Resistance 2: 10700

STOCK MARKET REVIEW: 9^TH JULY 2012

The SENSEX closed 148 points down at 17,372 and the NIFTY stood at 5,275 down by 42 points.

BSE Small-Cap index was down 1.13% while the BSE Mid-Cap index finished 1.30% down.CNX MIDCAP 50 index was down 1.47% and S&P CNX 500 was down around 0.95%.

Nifty Gainers

Today’s nifty top gainer were

• TCS changed 1.09% with 9, 56,383 volumes.
• DLF changed 1.09% with 71, 78,135 volumes.
• DRREDDY changed 0.29% with 2, 01,391 volumes.

Nifty Losers

Today’s nifty top losers were

• RELINFRA with volume 16, 81,882 and changed -3.56%.
• JINDALSTEEL with volume 15, 51,401 and changed -3.12%.
• JPASSOCIAT with volume 1, 19, 09,150 and changed -2.98%.

STOCK MARKET TRADING TODAY : 10^TH JULY 2012

BUY HATHWAY CABLE ABOVE 204

First Target 206

Second Target 209

Stop Loss 200.45

BUY BFUTILITIES FUTURES ABOVE 482

First Target 484

Second Target 487

Stop Loss 479

Get free Stock Market Trading Tips, Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares to pick, Stock To Watch.