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STOCK MARKET TODAY: 30TH MAY 2012

NIFTY SPOT LEVEL: 30TH MAY 2012

Today trading is expected between the broad levels of 4955-5030. If the market breaches the level of 5010 on the upper side then the next resistance level will be 5030. But if nifty breaches the support level of 4970 then it may go down till the level of 4955.

SUPPORT LEVELS

Support 1: 4970

Support 2: 4955

RESISTANCE LEVELS

Resistance 1: 5010

Resistance 2: 5030

BANK NIFTY FUTURES: 30TH MAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9625-9820. Bank nifty futures can go down till the level of 9625 once it breaks the level of 9660. On the opposite side once breaking the level of 9760, it is expected to go upward till the level of 9820. Bank nifty will be trading between the narrow ranges of 9660-9760.

SUPPORT LEVELS

Support 1: 9660

Support 2: 9625

RESISTANCE LEVELS

Resistance 1: 9760

Resistance 2: 9820

STOCK MARKET REVIEW: 29TH MAY 2012

The SENSEX closed 21 points up at 16,438 and the NIFTY stood at 4990, up by 5 points.

BSE Small-Cap index was up 0.17% while the BSE Mid-Cap index finished 0.14% down.CNX MIDCAP 50 index was down 0.47% and S&P CNX 500 was up around 0.01%.

Nifty Gainers

Today's nifty top gainer were:

  • HCLTECH changed 2.63% with 12, 08,208 volumes.
  • CAIRNS changed 2.27% with 22, 58,653 volumes.
  • WIPRO changed 2.16% with 7, 33,323 volumes.

Nifty Losers

Today's nifty top losers were:

  • ACC with volume 3, 13,542 and changed -2.44%.
  • BPCL with volume 8, 25,257 and changed -2.26%.
  • IDFC with volume 53, 40,199 and changed -1.93%.


STOCK MARKET TRADING TIPS : 30TH MAY 2012

BUY APOLLO HOSPITAL ABOVE 687

First Target 692

Second Target 700

Stop Loss 680

BUY JSWSTEEL FUTURES ABOVE 628

First Target 632

Second Target 638

Stop Loss 622

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