STOCK MARKET TODAY: 11TH JULY 2012

 NIFTY SPOT LEVEL: 11^TH JULY 2012

Today trading is expected between the broad levels of 5260-5390. If the market breaches the level of 5365 on the upper side then the next resistance level will be 5390. But if nifty breaches the support level of 5300 then it may go down till the level of 5260.

SUPPORT LEVELS

Support 1: 5300

Support 2: 5260

RESISTANCE LEVELS

Resistance 1: 5365

Resistance 2: 5390

BANK NIFTY FUTURES: 11^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10560-10860. Bank nifty futures can go down till the level of 10560 once it breaks the level of 10655. On the opposite side once breaking the level of 10800, it is expected to go upward till the level of 10860. Bank nifty will be trading between the narrow ranges of 10655-10800.

SUPPORT LEVELS

Support 1: 10655

Support 2:  10560

RESISTANCE LEVELS 

Resistance 1: 10800

Resistance 2: 10860

STOCK MARKET ANALYSIS: 10^TH JULY 2012

The SENSEX closed 226 points up at 17,391 and the NIFTY stood at 5,345 up by 70 points.

BSE Small-Cap index was up 0.80% while the BSE Mid-Cap index finished 1.10% up.CNX MIDCAP 50 index was up 1.27% and S&P CNX 500 was up around 1.23%.

Nifty Gainers

Today’s nifty top gainer were

• AXISBANK changed 4.07% with 31, 19,268 volumes.
• JPASSOCIAT changed 3.48% with 1, 30, 43,937 volumes.
• RELINFRA changed 3.09% with 21, 49,087 volumes.

Nifty Losers

Today’s nifty top losers were

• ACC with volume 4, 40,324 and changed -0.89 %.
• WIPRO with volume 14, 92,238 and changed -0.41%.

STOCK MARKET TRADING TODAY : 11^TH JULY 2012

BUY ING VYSYA BANK ABOVE 394

First Target 397

Second Target 401

Stop Loss 389

BUY DIVISLAB FUTURES ABOVE 1049

First Target 1053

Second Target 1058

Stop Loss 1043

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