STOCK MARKET TODAY: 9TH AUG 2012

NIFTY SPOT LEVEL: 9TH AUG 2012

Tomorrow trading is expected between the broad levels of 5300-5395. If the market breaches the level of 5365 on the upper side then the next resistance level will be 5395. But if nifty breaches the support level of 5320 then it may go down till the level of 5300.

SUPPORT LEVELS

Support 1: 5320

Support 2: 5300

RESISTANCE LEVELS

Resistance 1: 5365

Resistance 2: 5395

BANK NIFTY FUTURES: 9TH AUG 2012

 Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10430-10690. Bank nifty futures can go down till the level of 10430 once it breaks the level of 10480. On the opposite side once breaking the level of 10610, it is expected to go upward till the level of 10690. Bank nifty will be trading between the narrow ranges of 10480-10610.

SUPPORT LEVELS

Support 1: 10480

Support 2:  10430

RESISTANCE LEVELS 

Resistance 1: 10610

Resistance 2: 10690

STOCK MARKET REVIEW: 8^TH AUG 2012

The SENSEX closed 2 points down at 17,600 and the NIFTY stood at 5,338 up by 2 points.BSE Small-Cap index was down 0.39% while the BSE Mid-Cap index finished 0.19% down.CNX MIDCAP 50 index was down 0.33% and S&P CNX 500 was down around 0.12%.

Nifty Gainers

Today’s nifty top gainer were:

M&M changed 3.87% with 28, 43,430 volumes

BPCL changed 3.02% with 9, 54,575 volumes

HINDALCO changed 1.98 % with 86, 88,039 volumes

Nifty Losers

Today’s nifty top losers were:

BHARTIARTL with volume 3, 34, 23,428 and changed -6.43%

GAIL with volume 22, 43,064 and changed -3.02%

DLF with volume 49, 51,225 and changed -2.07%

STOCKS TO PICK: 9^TH AUG 2012

BUY WOCKHARDT LTD ABOVE 1167

First Target 1173

Second Target 1182

Stop Loss 1157

BUY M&M FUTURES ABOVE 733

First Target 736

Second Target 740

Stop Loss 728

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