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STOCK MARKET TODAY: 8TH MAY 2012

NIFTY SPOT LEVEL: 8TH MAY 2012

Today trading is expected between the broad levels of 4940-5215. If the market breaches the level of 5170 on the upper side then the next resistance level will be 5215. But if nifty breaches the support level of 5030 then it may go down till the level of 4940.

SUPPORT LEVELS

Support 1: 5030

Support 2: 4940

RESISTANCE LEVELS

Resistance 1: 5170

Resistance 2: 5215

BANK NIFTY FUTURES: 8TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9330-10190. Bank nifty futures can go down till the level of 9330 once it breaks the level of 9610. On the opposite side once breaking the level of 10050, it is expected to go upward till the level of 10190. Bank nifty will be trading between the narrow ranges of 9610-10050.

SUPPORT LEVELS

Support 1: 9610

Support 2: 9330

RESISTANCE LEVELS

Resistance 1: 10050

Resistance 2: 10190

STOCK MARKET ANALYSIS: 7TH MAY 2012

The SENSEX closed 81 points up at 16,912 and the NIFTY stood at 5114, up by 27 points.

BSE Small-Cap index was up by 0.30% while the BSE Mid-Cap index finished 0.52% up.CNX MIDCAP 50 index was up 0.34% and S&P CNX 500 was up around 0.59%.

Nifty Gainers

Today's nifty top gainer were

  • BHEL changed 5.75% with 96, 89,950 volumes.
  • BPCL changed 5.00% with 10, 41,566 volumes.
  • LT changed 4.61% with 32, 17,151 volumes.


Nifty Losers

Today's nifty top losers were:

 

  • CAIRNINDIA with volume 33, 14,162 and changed -2.39%.
  • JPASSOCIAT with volume 2, 16, 01,549 and changed -2.25%.
  • HCLTECH with volume 4, 16,391 and changed -2.17%.

STOCK MARKET TRADING TIPS : 8TH MAY 2012

BUY LOVABLE ABOVE 375

First Target 378

Second Target 382

Stop Loss 371

BUY JSWSTELL FUTURES ABOVE 748

First Target 752

Second Target 756

Stop Loss 742

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