Short-term pressure on the market: Jai Bala
Kasdkeos dot com Jai Bala says that short-term market decline, signs of light.
According to Bala for the Nifty 5400 level of water is important. Closing above 5400 on the Nifty could go up.
In addition, the RBI's credit policy on April 17, 5499 to the level of the Sensex soar, it is expected to reduce pressure on the market.
Jai Bala believes that over the medium term from 5630 to ascend to the level of Nifty 5800-5900. However, the Nifty closed below 5135 for the 5630 would be difficult to reach.
Glory girl who fall in the Hindustan Oil Aksoploreshn (HOEC ) can give good returns. HOEC can climb up to Rs 135-150 in the short term.
If crude oil continues to boil, then in the medium term will be up to Rs 250-300 price of the shares of HOEC.
Jai Bala says that Reliance Industries and BHEL is a drop in pressure on the Nifty. Reliance Industries is expected to be down from December's levels.
To Fall Off the market, the Sensex lost 100 points
FSA news of weak global cues and the market boom of Coal India on the brake. Sensex down 114 points 17 486 and the Nifty fell 36 points to close at 5323.
After 3 days of constant strength in the market saw selling pressure. American and Asian markets with weak signals because of the declining domestic market open.
Coal India has directed to the FSA when the market appeared depressed. However, the news came from the power companies shares up
In the last hour of trading saw the market Snblte lower levels and the Sensex - Nifty ended 0.5 per cent.
Realty, metals, banks, oil & gas, auto, tech stocks is 1.5 to 0.5 per cent. FMCG, Healthcare, IT, capital goods, PSU stocks were weak from 0.3 to 0.1 per cent.
Jindal Steel, GAIL, Sterlite Industries, Bharti Airtel, ICICI Bank, Cipla, DLF broken 3 to 1.5 per cent.
M & M, HDFC, HUL, L & T, Bajaj Auto, Sun Pharma, Reliance Industries, Tata Motors, Tata Steel, HDFC Bank, Wipro by 1 to 0.5 per cent weaker.
Power stocks 0.5 per cent and 0.25 per cent the share of consumer durables. BHEL rose by 3.5 per cent. Hindalco, Maruti Suzuki, ONGC, NTPC gained 1 to 0.25 per cent. ITC and Hero Motokorp closed in the green
Sensex and Nifty rose 0.4 per cent in the business week. 3.2 per cent and 1.2 per cent share of the mid-to small-cap stocks. Power, Bank, Oil & Gas shares rose 3 to 0.6 per cent. Auto and Healthcare shares fell 1 per cent.
Sensex and Nifty rose 0.4 per cent in the business week. 3.2 per cent and 1.2 per cent share of the mid-to small-cap stocks. Power, Bank, Oil & Gas shares rose 3 to 0.6 per cent. Auto and Healthcare shares fell 1 per cent.
Nifty stocks Kern India, BHEL, HCL Tech, JP Associates, SAIL, Reliance Power, SBI, NTPC, Hindalco, L & T rose from 7.5 to 3 per cent. JSPL, Dr Reddy's, Bajaj Auto, Maruti Suzuki fell from 4 to 2.5 per cent.
STOCK MARKET REVIEW: 4TH APRIL 2012
BSE Small-Cap index was up by 0.40% while the BSE Mid-Cap index finished 0.03% down.CNX MIDCAP 50 index was down 0.11% and S&P CNX 500 was down around 0.41%. The SENSEX closed 111 points down at 17,485 and the NIFTY stood at 5322, down by 35 points.
BSE SENSEX and NIFTY traded lower on the session shedding its previous three days gains as investors and traders booked profits due to long weekend starting from tomorrow. Market will open on MONDAY with regular sessions. Nifty index heavy weights RELIANCE INDUSTRIES, ICICI BANK, LARSEN & TOUBRO and BHARTI AIRTEL dragged down the market while BHEL tried to cap the fall somewhat downside towards the close. NIFTY tanked down 0.66% on WEDNESDAY cutting its gains as it railed 3.5 percent in previous three sessions.
NIFTY OUTLOOK FOR 9th APRIL 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1 | 5310 |
SUPPORT 2 | 5290 |
RESISTANCE 1 | 5350 |
RESISTANCE 2 | 5370 |
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1 | 10300 |
SUPPORT 2 | 10230 |
RESISTANCE 1 | 10400 |
RESISTANCE 2 | 10450 |
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