Wednesday 11 July 2012

STOCK MARKET TODAY: 12TH JULY 2012

Stock Market Today
NIFTY SPOT LEVEL: 12TH JULY 2012
Today trading is expected between the broad levels of 5270-5350. If the market breaches the level of 5325 on the upper side then the next resistance level will be 5350. But if nifty breaches the support level of 5290 then it may go down till the level of 5270.

SUPPORT LEVELS

Support 1: 5290
Support 2: 5270
RESISTANCE LEVELS
Resistance 1: 5325
Resistance 2: 5350
BANK NIFTY FUTURES: 12TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10640-10820. Bank nifty futures can go down till the level of 10640 once it breaks the level of 10675. On the opposite side once breaking the level of 10770, it is expected to go upward till the level of 10820. Bank nifty will be trading between the narrow ranges of 10675-10770.

SUPPORT LEVELS
Support 1: 10675
Support 2:  10640
RESISTANCE LEVELS 
Resistance 1: 10770
Resistance 2: 10820
STOCK MARKET ANALYSIS: 11TH JULY 2012

The SENSEX closed 129 points down at 17,489 and the NIFTY stood at 5,306 down by 40 points.

BSE Small-Cap index was down 0.24% while the BSE Mid-Cap index finished 0.12% down.CNX MIDCAP 50 index was down 0.32% and S&P CNX 500 was down around 0.60%.

Nifty Gainers

Today’s nifty top gainer were

  • LT changed 1.32% with 16, 71,311 volumes.
  • KOTAKBANK changed 1.31% with 10, 01,497 volumes.
  • BPCL changed 0.92% with 7, 79,549 volumes.

Nifty Losers

Today’s nifty top losers were

  • HINDALCO with volume 60, 43,053 and changed -3.25%.
  • RELINFRA with volume 17, 99,312 and changed -2.64%.
  • TATAMOTORS with volume 86, 99,925 and changed -2.23%.

 STOCK MARKET TRADING TODAY : 12TH JULY 2012

BUY DEN NETWORK ABOVE 117
First Target 119
Second Target 122
Stop Loss 114
BUY ULTRATECH CEMENT FUTURES ABOVE 1582
First Target 1588
Second Target 1600
Stop Loss 1572

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