NIFTY SPOT LEVEL: 1ST AUG 2012
Tomorrow trading is expected between the broad levels of 5125-5290. If the market breaches the level of 5260 on the upper side then the next resistance level will be 5290. But if nifty breaches the support level of 5175 then it may go down till the level of 5125.
SUPPORT LEVELS
Support 1: 5175
Support 2: 5125
RESISTANCE LEVELS
Resistance 1: 5260
Resistance 2: 5290
BANK NIFTY FUTURES: 1ST AUG 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10135-10595. Bank nifty futures can go down till the level of 10135 once it breaks the level of 10260. On the opposite side once breaking the level of 10490, it is expected to go upward till the level of 10595. Bank nifty will be trading between the narrow ranges of 10260-10490.
SUPPORT LEVELS
Support 1: 10260
Support 2: 10135
RESISTANCE LEVELS
Resistance 1: 10490
Resistance 2: 10595
STOCK MARKET ANALYSIS: 31ST JULY 2012
The SENSEX closed 92 points up at 17,236 and the NIFTY stood at 5,229 up by 29 points.
BSE Small-Cap index was up .11% while the BSE Mid-Cap index finished .77% up.CNX MIDCAP 50 index was up .80% and S&P CNX 500 was up around .55%.
Nifty Gainers
Today’s nifty top gainer were:
GRASIM changed 3.96% with 2, 44, 821 volumes
ONGC changed 3.83% with 27, 50, 557 volumes
DLF changed 3.62% with 84, 44, 077 volumes
Nifty Losers
Today’s nifty top losers were:
BHARTI AIRTEL with volume 79, 47, 206 and changed -2.70%
BANKBARODA with volume 17, 76, 809 and changed -2.65%
HEROMOTO with volume 2, 50, 491 and changed -1.30%
STOCKS TO PICK: 1ST AUG 2012
BUY WOCKHARDT LIMITED ABOVE 984
First Target 989
Second Target 996
Stop Loss 976
BUY ACC FUTURES ABOVE 1325
First Target 1330
Second Target 1337
Stop Loss 1317
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