STOCK MARKET TODAY: 10TH MAY 2012

Stock Trading Levels

 NIFTY SPOT LEVEL: 10^TH MAY 2012

Today trading is expected between the broad levels of 4920-5040. If the market breaches the level of 5010 on the upper side then the next resistance level will be 5040. But if nifty breaches the support level of 4950 then it may go down till the level of 4920.

SUPPORT LEVELS

Support 1: 4950

Support 2: 4920

RESISTANCE LEVELS

Resistance 1: 5010

Resistance 2: 5040

BANK NIFTY FUTURES: 10^TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9210-9670. Bank nifty futures can go down till the level of 9210 once it breaks the level of 9310. On the opposite side once breaking the level of 9540, it is expected to go upward till the level of 9670. Bank nifty will be trading between the narrow ranges of 9310-9540.

SUPPORT LEVELS

Support 1: 9310

Support 2:  9210

RESISTANCE LEVELS 

Resistance 1: 9540

Resistance 2: 9670

STOCK MARKET ANALYSIS: 9^TH MAY 2012

The SENSEX closed 66 points down at 16,480 and the NIFTY stood at 4974, down by 25 points.

BSE Small-Cap index was up down 1.23% while the BSE Mid-Cap index finished 0.98% down.CNX MIDCAP 50 index was down 1.09% and S&P CNX 500 was down around 0.72%.

Nifty Gainers

Today’s nifty top gainer were :

• ITC changed 5.73% with 1, 33, 15,296 volumes.
• RANBAXY changed 3.78% with 34, 66,079 volumes.
• BAJAJAUTO changed 2.42% with 4, 49,672 volumes.

Nifty Losers

Today’s nifty top losers were

• JPASSOCIAT with volume 1, 04, 31,156 and changed -2.89%.
• SAIL with volume 10, 19,936 and changed -2.57%.
• GRASIM with volume 11,377 and changed -2.54%.

STOCKS TO PICK: 10^TH MAY 2012

BUY RALLIS INDIA ABOVE 130

First Target 132.50

Second Target 136

Stop Loss 126

BUY BOSCHLTD FUTURES ABOVE 9140

First Target 9160

Second Target 9190

Stop Loss 9109

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