STOCK MARKET TODAY: 7TH AUG 2012

NIFTY SPOT LEVEL: 7^TH AUG 2012

Tomorrow trading is expected between the broad levels of 5245-5310. If the market breaches the level of 5295 on the upper side then the next resistance level will be 5310. But if nifty breaches the support level of 5265 then it may go down till the level of 5245.

SUPPORT LEVELS

Support 1: 5265

Support 2: 5245

RESISTANCE LEVELS

Resistance 1: 5295

Resistance 2: 5310

BANK NIFTY FUTURES: 7^TH AUG 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10390-10540. Bank nifty futures can go down till the level of 10390 once it breaks the level of 10425. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10540. Bank nifty will be trading between the narrow ranges of 10425-10500.

SUPPORT LEVELS

Support 1: 10425

Support 2:  10390

RESISTANCE LEVELS 

Resistance 1: 10500

Resistance 2: 10540

STOCK MARKET REVIEW: 6^TH AUG 2012

The SENSEX closed 193 points above at 17,391 and the NIFTY stood at 5,288 up by 66 points.

BSE Small-Cap index was up 0.79% while the BSE Mid-Cap index finished 0.53% down.CNX MIDCAP 50 index was up 0.58% and S&P CNX 500 was up around 1.05%.

Nifty Gainers

Today’s nifty top gainer were:

RELIANCE changed 5.51% with 85, 38, 202 volumes

TATA MOTORS changed 3.67% with 75, 13, 035 volumes

JP ASSOCIATES changed 3.07% with 1, 19, 55, 613 volumes

Nifty Losers

Today’s nifty top losers were:

BPCL with volume 10, 04, 863 and changed -3.02%

WIPRO with volume 11, 45, 808 and changed -0.94%

DRREDDY with volume 1, 38, 142 and changed -0.92%

STOCKS TO PICK: 7^TH AUG 2012

BUY V-GUARD INDUSTRIES ABOVE 339

First Target 342

Second Target 346

Stop Loss 334

BUY RELIANCE INDUSTRIES FUTURES ABOVE 792

First Target 795

Second Target 799

Stop Loss 787

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