STOCK MARKET TODAY: 6TH JULY 2012

NIFTY SPOT LEVEL: 6^TH JULY 2012

Today trading is expected between the broad levels of 5270-5360. If the market breaches the level of 5340 on the upper side then the next resistance level will be 5360. But if nifty breaches the support level of 5300 then it may go down till the level of 5270.

SUPPORT LEVELS

Support 1: 5300

Support 2: 5270

RESISTANCE LEVELS

Resistance 1: 5340

Resistance 2: 5360

BANK NIFTY FUTURES: 6^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10400-10770. Bank nifty futures can go down till the level of 10400 once it breaks the level of 10525. On the opposite side once breaking the level of 10710, it is expected to go upward till the level of 10770. Bank nifty will be trading between the narrow ranges of 10525-10710.

SUPPORT LEVELS

Support 1: 10525

Support 2:  10400

RESISTANCE LEVELS 

Resistance 1: 10710

Resistance 2: 10770

STOCK MARKET ANALYSIS: 5^TH JULY 2012

The SENSEX closed 75 points up at 17,538 and the NIFTY stood at 5,327 up by 24 points.

BSE Small-Cap index was up 1.64% while the BSE Mid-Cap index finished 0.90% up.CNX MIDCAP 50 index was up 0.78% and S&P CNX 500 was up around 0.57%.

Nifty Gainers

Today’s nifty top gainer were :

• IDFC changed 2.96% with 84, 55,989 volumes
• CIPLA changed 2.20% with 13, 01,510 volumes
• ICICIBANK changed 2.15% with 37, 47,080 volume.

Nifty Losers

Today’s nifty top losers were:

• ASIANPAINT with volume 1, 45,217 and changed -2.39%
• ONGC with volume 53, 20,465 and changed -1.79%
• BAJAJ-AUTO with volume 5, 29,214 and changed -1.72%

 STOCK MARKET TRADING TODAY : 6^TH JULY 2012

BUY TIMKEN INDIA ABOVE 222

First Target 224

Second Target 227

Stop Loss 219

 BUY APIL FUTURES ABOVE 417

First Target 420

Second Target 425

Stop Loss 412

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