Friday, April 13, 2012

STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK 16TH APRIL 2012


Nifty  setup:  Do  or  die  week  for  bulls

Over the last six months, Indian markets have looked extremely bullish in the medium to long term.

However, the acid test for that hypothesis has now come. This week could be historical as the battle enters its final leg.

The fact that bears held on over the last eight weeks is something worth noting and I am open to revisiting my alternates if bulls fail to take control this week. 


The first two days remains data heavy and volatility could rule for a couple of days.Global setups remain on tenterhooks. 5,135-5,150 remain immediate support levels on the Nifty index though medium term pattern supports are pegged at 5,070 and should be the crucial pivot point going forward.
 

A failure to register a positive close by the end this week could be detrimental to the medium term setups as well. So get ready for a historical week of trading.

Fall on the open market, Nifty below 5200

Because of the decline in international markets, beginning with weakness of the domestic markets. Sensex down 46 points, 17 048 and the Nifty fell 17 points to 5191 are open.

Oil and gas shares fall 0.5 per cent. Auto, Metal, IT, technical, 0.4 to 0.2 per cent share of power are weak. FMCG, consumer durables, healthcare and government are stocks also slipped.

Wipro, GAIL, Reliance Industries, Jindal Steel, NTPC, Hero Motokorp, TCS, Sun Pharma, Coal India, Tata Steel, Tata Motors, BHEL, Cipla, Bharti Airtel, Sterlite Industries, Hindalco, HDFC Bank from 1.5 to 0.5 per cent each.

Realty stocks nearly 1 per cent and 0.5 per cent in bank stocks looks. SBI, DLF, Infosys 1.5 to 0.3 per cent are strong. L & T is in the green.

On Friday, Spain's debt crisis, concerns over rising from 1.25 to 1.5 per cent decline in U.S. markets Spain, the yield on the bonds reached record heights. In March the European Central Bank of Spain has taken a loan of 316.3 billion euros.

Weakness in Asian markets are trading at. Nikkei, Cospi, Hang Sang, Taiwan index is 1.5 to 0.75 per cent. Shanghai Composite, Straits Times, Singapore Nifty and are in red.


STOCK MARKET REVIEW: 13TH APRIL 2012

BSE Small-Cap index was down by 0.63% while the BSE Mid-Cap index finished 0.72% down.CNX MIDCAP 50 index was down 1.02% and S&P CNX 500 was down around 1.27%. The SENSEX closed 238 points down at 17,094 and the NIFTY stood at 5207, down by 69 points.
BSE SENSEX and NIFTY traded through a volatile session, initially tried to hold the gains but later it was hurted by IT giant INFOSYS as it announced poor quarterly numbers taking down the markets 1.37 percent and 1.32 percent respectively. Moreover Euro Zone worries and expectations of increased numbers of India’s trade deficit in FY12 added fuel to the fire. Infosys tanked down by 12.60% while TCS and Wipro tanked 5.5% and 4% respectively. Banking, metals, FMCG, stocks also played key role to drag the markets down while Auto sector tried to support the gains auto major HEROMOTOCO, MARUTI, and TATAMOTOR rose by 0.8%-1.5%.


Nifty Gainers

Today’s nifty top gainer were
DRREDDY changed 2.39% with 2, 47,549 volumes
SUNPHARMA changed 2.30% with 10, 71,300 volumes
KOTAKBANK changed 2.24% with 11, 49,429 volumes

 Nifty Losers

Today’s nifty top losers were
INFOSYS with volume 94, 05,999 and changed -12.75%
TCS with volume 44, 97,059 and changed -5.76%
WIPRO with volume 35, 77,902 and changed -4.25%

NIFTY OUTLOOK FOR  16th  APRIL 2012

NIFTY SPOT LEVEL
TREND – BEARISH

SUPPORT 1
5150
SUPPORT 2
5110
RESISTANCE 1
5275
RESISTANCE 2
5350

BANK NIFTY FUTURES
TREND- BEARISH

SUPPORT 1
10150
SUPPORT 2
10010
RESISTANCE 1
10500
RESISTANCE 2
10720

For free calls fill the Free Trial  form



1 comments:

James Smith said...

Many investors in present-day currency markets are looking to use a technological research resources plan which provides all of the logical function on their behalves and offers share guidelines which are algorithmically centred right to their e-mails. At this factor any type of buyer whether you're a Walls Street mogul or a house-wife can business accordingly without having plenty of time to put towards the measurements. Despite all the madness that has been going on that you can buy lately, separate traders are established to create powerful domain portfolios that will allow their money to develop in size without having to sit in an account or document of put in for years at a time. More Secrets here : Technical Analysis

Post a Comment