STOCK MARKET TODAY: 23RD JULY 2012

NIFTY SPOT LEVEL: 23^RD JULY 2012

Tomorrow trading is expected between the broad levels of 5175-5255. If the market breaches the level of 5230 on the upper side then the next resistance level will be 5255. But if nifty breaches the support level of 5190 then it may go down till the level of 5175.

SUPPORT LEVELS

Support 1: 5190

Support 2: 5175

RESISTANCE LEVELS

Resistance 1: 5230

Resistance 2: 5255

BANK NIFTY FUTURES: 23^RD JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10360-10685. Bank nifty futures can go down till the level of 10360 once it breaks the level of 10425. On the opposite side once breaking the level of 10585, it is expected to go upward till the level of 10685. Bank nifty will be trading between the narrow ranges of 10425-10585.

SUPPORT LEVELS

Support 1: 10425

Support 2:  10360

RESISTANCE LEVELS 

Resistance 1: 10585

Resistance 2: 10685

STOCK MARKET ANALYSIS: 20^TH JULY 2012

The SENSEX closed 120 points down at 17,158 and the NIFTY stood at 5,205 down by 35 points.

BSE Small-Cap index was down 0.11% while the BSE Mid-Cap index finished 0.23% down.CNX MIDCAP 50 index was down 0.34% and S&P CNX 500 was down around 0.54%.

Nifty Gainers

Today’s nifty top gainer were:

BAJAJ AUTO changed 2.73% with 11, 68,705 volumes

MARUTI changed 2.65% with 45, 53,174 volumes

ASIANPAINT changed 2.23% with 4, 20,649 volumes

Nifty Losers

Today’s nifty top losers were:

BHEL with volume 63, 35,549 and changed -3.02%

KOTAKBANK with volume 13, 61,386 and changed -2.82%

DRREDDY with volume 11, 33,580 and changed -2.75%

STOCKS TO PICK: 23^RD JULY 2012

BUY SHOPPER STOP ABOVE 392

First Target 395

Second Target 400

Stop Loss 387

BUY UNITED SPIRITS FUTURES ABOVE 830

First Target 833

Second Target 837

Stop Loss 825

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