NIFTY SPOT LEVEL: 17TH APRIL 2012
Tomorrow trading is expected between the broad levels of 5165-5270. If the market breaches the level of 5250 on the upper side then the next resistance level will be 5270. But if nifty breaches the support level of 5200 then it may go down till the level of 5165.
SUPPORT LEVELS
Support 1: 5200
Support 2: 5165
RESISTANCE LEVELS
Resistance 1: 5250
Resistance 2: 5270
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10210-10565. Bank nifty futures can go down till the level of 10210 once it breaks the level of 10330. On the opposite side once breaking the level of 10550, it is expected to go upward till the level of 10565. Bank nifty will be trading between the narrow ranges of 10330-10505.
SUPPORT LEVELS
Support 1: 10330
Support 2: 10210
RESISTANCE LEVELS
Resistance 1: 10505
Resistance 2: 10565
BSE Small-Cap index was down by 0.56% while the BSE Mid-Cap index finished 0.80% down.CNX MIDCAP 50 index was down 0.46% and S&P CNX 500 was down around 0.48%.
Today’s nifty top gainer were :
- TATAMOTORS changed 4.22% with 1, 22, 33,329 volumes.
- JPASSOCIAT changed 3.36% with 1, 46, 65,546 volumes.
- AXISBANK changed 3.17% with 12, 72,381 volumes.
Today’s nifty top losers were:
- AMBUJACEM with volume 16, 67,988 and changed -2.39%.
- ACC with volume 2, 49,643 and changed -1.74%.
- BHARTIARTL with volume 38, 82,229 and changed -1.67%.
BUY HANUNG TOYS ABOVE 151
First Target 153
Second Target 156
Stop Loss 147.90
First Target 245
Second Target 247
Stop Loss 241
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