STOCK MARKET TODAY: 31ST JULY 2012

NIFTY SPOT LEVEL: 31^TH JULY 2012

Tomorrow trading is expected between the broad levels of 5100-5255. If the market breaches the level of 5230 on the upper side then the next resistance level will be 5255. But if nifty breaches the support level of 5150 then it may go down till the level of 5100.

SUPPORT LEVELS

Support 1: 5150

Support 2: 5100

RESISTANCE LEVELS

Resistance 1: 5230

Resistance 2: 5255

BANK NIFTY FUTURES: 31^TH JULY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10145-10555. Bank nifty futures can go down till the level of 10145 once it breaks the level of 10275. On the opposite side once breaking the level of 10480, it is expected to go upward till the level of 10555. Bank nifty will be trading between the narrow ranges of 10275-10480.

SUPPORT LEVELS

Support 1: 10275

Support 2:  10145

RESISTANCE LEVELS 

Resistance 1: 10480

Resistance 2: 10555

STOCK MARKET REVIEW: 30^TH JULY 2012

The SENSEX closed 298 points up at 17,137 and the NIFTY stood at 5,199 up by 100 points.

BSE Small-Cap index was up 1.35% while the BSE Mid-Cap index finished 1.56% up.CNX MIDCAP 50 index was up 2.20% and S&P CNX 500 was up around 1.91%.

Nifty Gainers

Today’s nifty top gainer were:

RELINFRA changed 5.54% with 19, 84, 902 volumes

JP ASSOCIATES changed 5.23% with 1, 11, 96, 984 volumes

CAIRN changed 5.16% with 8, 69, 121 volumes

Nifty Losers

Today’s nifty top losers were:

AMBUJA CEMENTS with volume 15, 83, 299 and changed -1.21%

HUL with volume 39, 87, 534 and changed -0.13%

HCL TECH with volume 7, 92, 256 and changed -0.12%

STOCKS TO PICK: 31^TH JULY 2012

BUY GEOMETRIC LIMITED ABOVE 92.50

First Target 93.25

Second Target 94.50

Stop Loss 91

SELL DIVISLAB FUTURES ABOVE 1103

First Target 1107

Second Target 1113

Stop Loss 1095

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