Friday 8 June 2012

STOCK MARKET TODAY: 11TH JUN 2012

Stock Market Today
 NIFTY SPOT LEVEL: 11TH JUN 2012

Trading is expected between the broad levels of 4960-5140. If the market breaches the level of 5110 on the upper side then the next resistance level will be 5140. But if nifty breaches the support level of 5020 then it may go down till the level of 4960.

SUPPORT LEVELS 

Support 1: 5020

Support 2: 4960

RESISTANCE LEVELS

Resistance 1: 5110

Resistance 2: 5140

BANK NIFTY FUTURES: 11TH JUN 2012 

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9730-10175. Bank nifty futures can go down till the level of 9730 once it breaks the level of 9880. On the opposite side once breaking the level of 10100, it is expected to go upward till the level of 10175. Bank nifty will be trading between the narrow ranges of 9880-10175.

SUPPORT LEVELS

Support 1: 9880

Support 2: 9730

RESISTANCE LEVELS

Resistance 1: 10100

Resistance 2: 10175

STOCK MARKET ANALYSIS: 8TH JUN 2012

The SENSEX closed 70 points up at 16,718 and the NIFTY stood at 5068, up by 18 points.

BSE Small-Cap index was up 0.20% while the BSE Mid-Cap index finished 0.22% up.CNX MIDCAP 50 index was up 0.52% and S&P CNX 500 was up around 0.41%.

Nifty Gainers

Today’s nifty top gainer were
  • RELINFRA changed 5.00% with 61, 43,467 volumes.
  • GAIL changed 4.15% with 14, 70,634 volumes.
  • STER changed 3.70% with 1, 17, 55,276 volumes.

Nifty Losers

Today’s nifty top losers were
  • CAIRNS with volume 9, 69,122 and changed -1.65.
  • ONGC with volume 38, 33,236 and changed -1.63%.
  • MARUTI with volume 4, 55,993 and changed -1.42%.

STOCK MARKET TRADING TODAY : 11TH JUN 2012

BUY RALLIS INDIA ABOVE 142

First Target 144

Second Target 147

Stop Loss 139

BUY TTK PRESTIG FUTURE ABOVE 3040

First Target 3055

Second Target 3080

Stop Loss 3015

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