Wednesday 4 July 2012

STOCK MARKET TODAY: 5th JULY 2012

Stock Market Today
NIFTY SPOT LEVEL: 5TH JULY 2012
Today trading is expected between the broad levels of 5250-5340. If the market breaches the level of 5320 on the upper side then the next resistance level will be 5340. But if nifty breaches the support level of 5275 then it may go down till the level of 5250.

SUPPORT LEVELS

Support 1: 5275
Support 2: 5250

RESISTANCE LEVELS

Resistance 1: 5320
Resistance 2: 5340

BANK NIFTY FUTURES: 5TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10450-10585. Bank nifty futures can go down till the level of 10450 once it breaks the level of 10485. On the opposite side once breaking the level of 10550, it is expected to go upward till the level of 10585. Bank nifty will be trading between the narrow ranges of 10485-10550.

SUPPORT LEVELS 

Support 1: 10485
Support 2:  10450

RESISTANCE LEVELS 
Resistance 1: 10550x
Resistance 2: 10585

STOCK MARKET REVIEW: 4TH JULY 2012

The SENSEX closed 26 points up at 17,452 and the NIFTY stood at 5,302 up by 15 points.

BSE Small-Cap index was up 0.91% while the BSE Mid-Cap index finished 0.84% up.CNX MIDCAP 50 index was up 0.51% and S&P CNX 500 was up around 0.39%.

Nifty Gainers

Today’s nifty top gainer were:
  • STER changed 5.45% with 1, 36, 63,254 volumes.
  • SESAGOA changed 3.92% with 90, 23,038 volumes.
  • JINDALSTEEL changed 3.69% with 42, 54,285 volumes.
Nifty Losers

Today’s nifty top losers were:
  • ONGC with volume 36, 32,751 and changed -2.24%.
  • ASIANPAINT with volume 1, 11,805 and changed -1.86%.
  • DRREDDY with volume 5, 22,279 and changed -1.71%.

STOCK MARKET TRADING TODAY : 5TH JULY 2012

BUY JK CEMENT LTD ABOVE 199
First Target 201
Second Target 204
Stop Loss 196

BUY GMDC FUTURES ABOVE 197.80
First Target 198.75
Second Target 200
Stop Loss 196.45

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