STOCK MARKET TODAY: 8TH AUG 2012

NIFTY SPOT LEVEL: 8TH AUG 2012

Tomorrow trading is expected between the broad levels of 5255-5390. If the market breaches the level of 5360 on the upper side then the next resistance level will be 5390. But if nifty breaches the support level of 5295 then it may go down till the level of 5255.

SUPPORT LEVELS

Support 1: 5295

Support 2: 5255

RESISTANCE LEVELS

Resistance 1: 5360

Resistance 2: 5390

BANK NIFTY FUTURES: 8TH AUG 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10400-10710. Bank nifty futures can go down till the level of 10400 once it breaks the level of 10495. On the opposite side once breaking the level of 10650, it is expected to go upward till the level of 10710. Bank nifty will be trading between the narrow ranges of 10495-10650.

SUPPORT LEVELS

Support 1: 10495

Support 2:  10400

RESISTANCE LEVELS 

Resistance 1: 10650

Resistance 2: 10710

STOCK MARKET ANALYSIS: 7TH AUG 2012

The SENSEX closed 188 points above at 17,601 and the NIFTY stood at 5,336 up by 54 points.

BSE Small-Cap index was up 0.36% while the BSE Mid-Cap index finished 0.35% down.CNX MIDCAP 50 index was up 0.13% and S&P CNX 500 was up around 0.81%.

Nifty Gainers

Today’s nifty top gainer were:

TATA MOTORS changed 4.15% with 1, 21, 44, 274 volumes

IDFC changed 3.59% with 81, 33, 532 volumes

DLF changed 3.57% with 87, 84, 555 volumes

Nifty Losers

Today’s nifty top losers were:

CAIRN with volume 22, 51, 094 and changed -1.42%

HEROMOTO with volume 4, 00, 985 and changed -1.33%

POWERGRID with volume 30, 92, 576 and changed -1.20%

STOCKS TO PICK: 8TH AUG 2012

BUY V-GUARD INDUSTRIES ABOVE 391.50

First Target 394

Second Target 397

Stop Loss 387.5

BUY DLF FUTURES ABOVE 217

First Target 218

Second Target 219.50

Stop Loss 215.50

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