STOCK MARKET TODAY: 4TH JULY 2012

Stock Market Today

NIFTY SPOT LEVEL: 4^TH JULY 2012

Tomorrow trading is expected between the broad levels of 5240-5340. If the market breaches the level of 5310 on the upper side then the next resistance level will be 5340. But if nifty breaches the support level of 5260 then it may go down till the level of 5240.

SUPPORT LEVELS

Support 1: 5260

Support 2: 5240

RESISTANCE LEVELS

Resistance 1: 5310

Resistance 2: 5340

BANK NIFTY FUTURES: 4^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10380-10585. Bank nifty futures can go down till the level of 10380 once it breaks the level of 10585. On the opposite side once breaking the level of 10525, it is expected to go upward till the level of 10585. Bank nifty will be trading between the narrow ranges of 10430-10585.

SUPPORT LEVELS

Support 1: 10430

Support 2:  10380

RESISTANCE LEVELS 

Resistance 1: 10525

Resistance 2: 10585

STOCK MARKET ANALYSIS: 3^RD JULY 2012

The SENSEX closed 26 points up at 17,425 and the NIFTY stood at 5,287 up by 9 points.

BSE Small-Cap index was up 0.80% while the BSE Mid-Cap index finished 0.48% up.CNX MIDCAP 50 index was up 0.58% and S&P CNX 500 was up around 0.38%.

Nifty Gainers

Today’s nifty top gainer were

• DLF changed 4.20% with 91, 99,931 volumes.
• BHARTIARTL changed 2.90% with 62, 63,443 volumes.
• HINDALCO changed 2.15% with 79, 11,213 volumes.

Nifty Losers

Today’s nifty top losers were:

• BHEL with volume 31, 04,124 and changed -1.79%.
• JINDALSTEEL with volume 33, 26,675 and changed -1.55%.
• TCS with volume 11, 13,591 and changed -1.50%.

STOCK MARKET TRADING TODAY : 4^TH JULY 2012

BUY MINDTREE LTD ABOVE 711

First Target 715

Second Target 722

Stop Loss 705

BUY JET AIRWAYS FUTURES ABOVE 406.50

First Target 408

Second Target 410

Stop Loss 404.45

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