STOCK MARKET TODAY: 24th JULY 2012

NIFTY SPOT LEVEL: 24^TH JULY 2012

Tomorrow trading is expected between the broad levels of 5070-5185. If the market breaches the level of 5150 on the upper side then the next resistance level will be 5185. But if nifty breaches the support level of 5095 then it may go down till the level of 5070.

SUPPORT LEVELS

Support 1: 5095

Support 2: 5070

RESISTANCE LEVELS

Resistance 1: 5150

Resistance 2: 5185

BANK NIFTY FUTURES: 24^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10160-10460. Bank nifty futures can go down till the level of 10160 once it breaks the level of 10220. On the opposite side once breaking the level of 10370, it is expected to go upward till the level of 10460. Bank nifty will be trading between the narrow ranges of 10220-10370.

SUPPORT LEVELS

Support 1: 10220

Support 2:  10160

RESISTANCE LEVELS 

Resistance 1: 10370

Resistance 2: 10460

STOCK MARKET ANALYSIS: 23^RD JULY 2012

The SENSEX closed 288 points down at 16,877 and the NIFTY stood at 5,117 down by 87 points.

BSE Small-Cap index was down 1.14% while the BSE Mid-Cap index finished 1.31% down.CNX MIDCAP 50 index was down 1.71% and S&P CNX 500 was down around 1.60%.

Nifty Gainers

Today’s nifty top gainer were:

DRREDDY changed 1.19% with 3, 12,774 volumes

CIPLA changed 0.91% with 8, 01,903 volumes

ONGC changed 0.76% with 16, 00,274 volumes

Nifty Losers

Today’s nifty top losers were:

MARUTI with volume 40, 39,945 and changed -5.75%

JPASSOCIAT with volume 1, 73, 93,906 and changed -4.69%

SESAGOA with volume 16, 76,252 and changed -4.67%

STOCKS TO PICK: 24^TH JULY 2012

BUY JK CEMENT ABOVE 226

First Target 228

Second Target 232

Stop Loss 222.45

BUY UNITED SPIRITS FUTURES ABOVE 1606

First Target 1611

Second Target 1619

Stop Loss 1596

Get free Stock Market Trading Tips, Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares to pick, Stock To Watch.


Stock Market Today