STOCK MARKET TODAY: 4TH MAY 2012

STOCK TRADING LEVELS

 NIFTY SPOT LEVEL: 4^TH MAY 2012

Tomorrow trading is expected between the broad levels of 5155-5230. If the market breaches the level of 5210 on the upper side then the next resistance level will be 5230. But if nifty breaches the support level of 5175 then it may go down till the level of 5155.

SUPPORT LEVELS

Support 1: 5175

Support 2: 5155

RESISTANCE LEVELS

Resistance 1: 5210

Resistance 2: 5230

BANK NIFTY FUTURES: 4^TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10000-10315. Bank nifty futures can go down till the level of 10000 once it breaks the level of 10065. On the opposite side once breaking the level of 10220, it is expected to go upward till the level of 10315. Bank nifty will be trading between the narrow ranges of 10065-10220.

SUPPORT LEVELS

Support 1: 10065

Support 2:  10000

RESISTANCE LEVELS 

Resistance 1: 10220

Resistance 2: 10315

STOCK MARKET ANALYSIS: 3^RD MAY 2012

The SENSEX closed 150 points down at 17,151 and the NIFTY stood at 5188, down by 50 points.

BSE Small-Cap index was down by 1.00% while the BSE Mid-Cap index finished 1.02% down.CNX MIDCAP 50 index was down 1.15% and S&P CNX 500 was down around 1.02%.

Nifty Gainers

Today’s nifty top gainer were :

• ASIANPAINT changed 2.37% with 94,747 volumes.
• HINDUNILVR changed 2.32% with 68, 17,254 volumes.
• WIPRO changed 2.05% with 17, 78,346 volumes.

Nifty Losers

Today’s nifty top losers were

• HEROMOTO with volume 20, 58,877 and changed -7.55%.
• AXISBANK with volume 23, 16,943 and changed -3.94%.
• BANKBARODA with volume 8, 34,432 and changed -3.39%.

STOCK MARKET TRADING TIPS : 4^TH MAY 2012

BUY JYOTHYLAB ABOVE 197

First Target 199

Second Target 203

Stop Loss 194

BUY ASIANPAINT FUTURES ABOVE 3626

First Target 3635

Second Target 3650

Stop Loss 3610

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