STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK 18TH APRIL 2012

In a rising market, Nifty above 5300

International markets due to strong domestic markets have also started fast. Sensex up 89 points on 17 447 5321 are open and the Nifty gained 31 points.

Auto, realty, metal, banking, capital goods stocks is 1.5 to 1 per cent. Oil & Gas, PSU, technical, IT, Power, Healthcare, Consumer durables, FMCG stocks are 0.8 to 0.4 per cent stronger.

Gail, Bajaj Auto, Tata Motors, Hero Motokorp, Hindalco, SBI, Sun Pharma, Strsait Industries, TCS, Maruti Suzuki, Wipro, HDFC Bank, DLF, ICICI Bank, Tata Power, Jindal Steel, Tata Steel went 2-1 per cent.

Good results, 4.7 per cent in the strength of HCL Tech Seyro looks.

Tuesday's auction of Spain and the IMF expects global growth projected to increase from the well of the U.S. market reached the highest level of 1 month. Dow Jones, S & P 500 and Nasdaq Composite rose 2 to 1.5 per cent.

Asian markets are seeing good growth. Nikkei, Shanghai Composite, Cospi, 1.5 to 1 per cent in the Hang Sang.

Stock market, rupee rise after RBI repo rate cut

The government bond yields and swaps fell, while the rupee and stocks gained after the Reserve Bank of India cut the repo rate by a bigger-than-expected 50 basis points, though it kept the cash reserve ratio (CRR) unchanged.

However, movements were tempered as the central bank said that the scope for further rate cuts was limited.

The 10-year bond yield was trading at 8.38%, down from Monday's close of 8.45%. The 1-year swap rate lost 14 basis points to 7.83%, while the 5-year rate fell 8 basis points to 7.44%.

The rupee was trading at 51.58-59, stronger than Monday's close of 51.68. Stocks extended gains, with the main BSE index last up 0.8%.

STOCK MARKET REVIEW: 17^TH APRIL 2012

BSE Small-Cap index was down by 0.56% while the BSE Mid-Cap index finished 0.80% down.CNX MIDCAP 50 index was up 0.89% and S&P CNX 500 was up around 1.08%. Sensex advances 1.28% to close at 17370 ., while the Nifty gains 1.22% to close at 5289 .

The frontline Indian equity benchmarks have maintained solid gainsafter the Reserve Bank of India (RBI) slashed a key lending rate by a more-than-expected 50 basis points to revive economic growth. The Indian markets had priced in a repo rate cut of 25 bps. The central bank will actively consider a further rate cut only in July 31st monetary policy making the mid-quarter review in June largely a non-event

Nifty Gainers

Today’s nifty top gainer were

RELINFRA changed 6.14% with 28,69,558 volumes

RCOM changed 5.63% with 1,30,75,708 volumes

ONGC changed 4.13% with 32,15,004 volumes

Nifty Losers

Today’s nifty top losers were

CAIRN with volume 21,81,821and changed -1.50%

HCLTECH with volume 12,54,851and changed -0.73%

DRREDDY with volume 2,01,163and changed -0.59%

NIFTY OUTLOOK FOR  18^th  APRIL 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	5245
SUPPORT 2	5195
RESISTANCE 1	5345
RESISTANCE 2	5290

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	10460
SUPPORT 2	10385
RESISTANCE 1	10665
RESISTANCE 2	10785

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STOCK FUTURES CALLS

BUY SUN TV FUTURES AROUND CMP 302.5 TG 303 TG 304.25,305.5,308 SL 299
UPDATE: SUN TV FUTURES MADE NEW HIGH 303.5 BOOK PARTIAL PROFIT 2ND TG IS 305.5

UPDATE: SUN TV FUTURES 2ND TG 305.5 ACHIEVED, BOOK MORE PROFIT 3RD TG IS 308

UPDATE: MORE BUYING EXPECTING RISKY TRADERS EXTEND 3RD TG IN SUN TV FUTURES TILL 311 OTHERS BOOK FULL 3RD TG 308 ACHIEVED

BUY APOLLO TYRES ABOVE 93 TG 93.75,94.85,96.5 SL  91.25

UPDATE: APOLLO TYRES FUTURES 1ST TG 93.45 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 94.10

SELL BANK NIFTY FUTURES BELOW 10600 TG 10575,10545,10500 SL 10660.15
UPDATE: BANK NIFTY FUTURES SELL CALL 1ST TG 10575 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 10545

UPDATE: BANK NIFTY FUTURES 2ND TG 10545 ACHIEVED, HOPE U HAVE BOOK MORE PROFIT 3RD TG 10500 REVISE SL AT COST

UPDATE: BANK NIFTY FUTURES TRADING NEAR 3RD TG BOOK FULL PROFIT TILL CLOSE

STOCK CASH CALLS


BUY CCL PRODUCTS INDIA ABOVE 175 TG 176.25, 177.5, 179.5 SL 172.25

UPDATE: CCL PRODUCTS 2ND TG 177.5 ACHIEVED, BOOK MORE PROFIT 3RD TG IS 179.5

UPDATE: CCL PRODUCTS ON FIREEE, 3RD TG 179.5 ACHIEVED,BOOK FULL PROFIT