STOCK MARKET TODAY: 17TH JULY 2012

sTOCK Market Today

NIFTY SPOT LEVEL: 17^TH JULY 2012

Tomorrow trading is expected between the broad levels of 5150-5270. If the market breaches the level of 5230 on the upper side then the next resistance level will be 5270. But if nifty breaches the support level of 5175 then it may go down till the level of 5150.

SUPPORT LEVELS

Support 1: 5175

Support 2: 5150

RESISTANCE LEVELS

Resistance 1: 5230

Resistance 2: 5270

BANK NIFTY FUTURES: 17^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10465-10750. Bank nifty futures can go down till the level of 10465 once it breaks the level of 10520. On the opposite side once breaking the level of 10660, it is expected to go upward till the level of 10750. Bank nifty will be trading between the narrow ranges of 10520-10750.

SUPPORT LEVELS

Support 1: 10520

Support 2:  10465

RESISTANCE LEVELS 

Resistance 1: 10660

Resistance 2: 10750

STOCK MARKET ANALYSIS: 16^TH JULY 2012

The SENSEX closed 110 points down at 17,103 and the NIFTY stood at 5,194 down by 33 points.

BSE Small-Cap index was down 0.61% while the BSE Mid-Cap index finished 0.62% down.CNX MIDCAP 50 index was down 0.66% and S&P CNX 500 was down around 0.57%.

Nifty Gainers

Today’s nifty top gainer were

• BHARTIARTL changed 3.80% with 58, 04,296 volumes.
• MARUTI changed 1.73% with 5, 99,621 volumes.
• DRREDDY changed 1.72% with 3, 11,343 volumes.

 Nifty Losers

Today’s nifty top losers were

• TATASTEEL with volume 40, 09,844 and changed -4.26%.
• TCS with volume 18, 10,070 and changed -3.69%.
• TATAMOTORS with volume 86, 47,941 and changed -3.03%.

 STOCK MARKET TRADING TODAY : 17^TH JULY 2012

BUY GOA CARBON ABOVE 117

First Target 119

Second Target 122

Stop Loss 114

BUY LUPIN FUTURES ABOVE 575.50

First Target 578

Second Target 583

Stop Loss 570

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