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  • STOCK MARKET TODAY: 22ND MAY 2012 0 comments
    May 22, 2012 2:43 AM

    NIFTY SPOT LEVEL: 22ND MAY 2012

    Today trading is expected between the broad levels of 4860-4955. If the market breaches the level of 4925 on the upper side then the next resistance level will be 4955. But if nifty breaches the support level of 4880 then it may go down till the level of 4860.

    SUPPORT LEVELS

    Support 1: 4880

    Support 2: 4860

    RESISTANCE LEVELS

    Resistance 1: 4925

    Resistance 2: 4955

    BANK NIFTY FUTURES: 22ND MAY 2012

    Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9220-9575. Bank nifty futures can go down till the level of 9220 once it breaks the level of 9315. On the opposite side once breaking the level of 9500, it is expected to go upward till the level of 9575. Bank nifty will be trading between the narrow ranges of 9315-9500.

    SUPPORT LEVELS

    Support 1: 9315

    Support 2: 9220

    RESISTANCE LEVELS

    Resistance 1: 9500

    Resistance 2: 9575

    STOCK MARKET ANALYSIS: 21ST MAY 2012

    The SENSEX closed 30 points up at 16,183 and the NIFTY stood at 4906, up by 15 points.

    BSE Small-Cap index was up 0.99% while the BSE Mid-Cap index finished 0.41% up.CNX MIDCAP 50 index was up 0.52% and S&P CNX 500 was up around 0.40%.

    Nifty Gainers

    Today's nifty top gainer were

    • TATAPOWER changed 4.73% with 30, 84,833 volumes.
    • BANKBARODA changed 3.92% with 8, 14,781 volumes.
    • RELINFRA changed 3.37% with 22, 96,422 volumes.

    Nifty Losers

    Today's nifty top losers were:

    • WIPRO with volume 10, 75,410 and changed -2.62%.
    • ITC with volume 5, 97,095 and changed -2.09%.
    • INFY with volume 9, 14,515 and changed -1.50%

    STOCK MARKET TRADING TIPS : 22ND MAY 2012

    BUY SHALIMAR PAINT ABOVE 582

    First Target 586

    Second Target 595

    Stop Loss 575

    BUY ASIAN PAINT FUTURES ABOVE 3786

    First Target 3800

    Second Target 3820

    Stop Loss 3766

    Get free Stock Market Trading Tips, Stock Market Strategies, free Trading Tips, Nifty Spot Levels, Bank Nifty Futures, Shares to pick, Stock To Watch. FREE SUBSCRIPTION

    http://stockmarket-trading-tips.blogspot.in/2012/05/stock-market-today-22nd-may-2012.html

    Themes: stock market today, stock trading tips, stocks to buy, stock market tips, stocks fotr tomorrow
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