Friday 29 June 2012

STOCK MARKET TODAY: 2ND JULY 2012

Stock Market Today
NIFTY SPOT LEVEL: 2ND JULY 2012
Monday trading is expected between the broad levels of 5150-5350. If the market breaches the level of 5310 on the upper side then the next resistance level will be 5350. But if nifty breaches the support level of 5215 then it may go down till the level of 5150.

SUPPORT LEVELS

Support 1: 5215
Support 2: 5150
RESISTANCE LEVELS
Resistance 1: 5310
Resistance 2: 5350

BANK NIFTY FUTURES: 2ND JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10010-10530. Bank nifty futures can go down till the level of 10010 once it breaks the level of 10175. On the opposite side once breaking the level of 10430, it is expected to go upward till the level of 10530. Bank nifty will be trading between the narrow ranges of 10175-10430.

SUPPORT LEVELS
Support 1: 10175
Support 2:  10010
RESISTANCE LEVELS 
Resistance 1: 10430
Resistance 2: 10530
STOCK MARKET ANALYSIS: 29TH JUN 2012

The SENSEX closed 440 points up at 17,429 and the NIFTY stood at 5,278 up by 130 points.

BSE Small-Cap index was up 1.31% while the BSE Mid-Cap index finished 1.62% up.CNX MIDCAP 50 index was up 2.15% and S&P CNX 500 was up around 2.35%.

Nifty Gainers

Today’s nifty top gainer were:

  • JINDALSTEEL changed 8.49% with 60, 20,991 volumes.
  • TATAPOWER changed 6.12% with 81, 96,084 volumes.
  • STER changed 5.33% with 66, 02,623 volumes.

Nifty Losers 


Today’s nifty top losers were

  • CAIRNS with volume 6, 57, 64,501 and changed -6.14%.
  • BPCL with volume 6, 49,301 and changed -1.22%.
  • COALINDIA with volume 21, 97,837 and changed -0.24%.
 
STOCK MARKET TRADING TODAY : 2ND JULY 2012

BUY CASTROL INDIA ABOVE 550
First Target 554
Second Target 560
Stop Loss 544
BUY IRB FUTURES ABOVE 129
First Target 129.75
Second Target 131
Stop Loss 127.45

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