STOCK MARKET TODAY: 3RD AUG 2012

NIFTY SPOT LEVEL: 3RD AUG 2012

Tomorrow trading is expected between the broad levels of 5190-5255. If the market breaches the level of 5240 on the upper side then the next resistance level will be 5255. But if nifty breaches the support level of 5210 then it may go down till the level of 5190.

SUPPORT LEVELS

Support 1: 5210

Support 2: 5190

RESISTANCE LEVELS

Resistance 1: 5240

Resistance 2: 5255

BANK NIFTY FUTURES: 3RD AUG 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10275-10475. Bank nifty futures can go down till the level of 10275 once it breaks the level of 10325. On the opposite side once breaking the level of 10430, it is expected to go upward till the level of 10475. Bank nifty will be trading between the narrow ranges of 10325-10430.

SUPPORT LEVELS

Support 1: 10325

Support 2:  10275

RESISTANCE LEVELS 

Resistance 1: 10430

Resistance 2: 10475

STOCK MARKET REVIEW: 2^ND AUG 2012

The SENSEX closed 35 points down at 17,221 and the NIFTY stood at 5,227 down by 11 points.

BSE Small-Cap index was up 0.45% while the BSE Mid-Cap index finished 0.21% up.CNX MIDCAP 50 index was up 0.34% and S&P CNX 500 was down around 0.06%.

Nifty Gainers

Today’s nifty top gainer were:

NTPC changed 3.81% with 80, 52,053 volumes

BHEL changed 1.50% with 31, 27,485 volumes

AXISBANK changed 1.25% with 14, 45,302 volumes

Nifty Losers

Today’s nifty top losers were:

CAIRNS INDIA with volume 24, 45,453 and changed -2.40%

TATAMOTOR with volume 57, 41,470 and changed -2.13%

BPCL with volume 6, 40,564 and changed -1.79%

STOCKS TO PICK: 3^RD AUG 2012

BUY WOCKHARDT LTD ABOVE 1040

First Target 1046

Second Target 1054

Stop Loss 1032

BUY CUMMINS INDIA FUTURES ABOVE 476

First Target 479

Second Target 484

Stop Loss 471

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