STOCK MARKET CALLS| NIFTY OUTLOOK|ANALYSIS 23RD APRIL 2012

NIFTY OUTLOOK FOR  23^rd  APRIL 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	5245
SUPPORT 2	5200
RESISTANCE 1	5335
RESISTANCE 2	5380

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	10360
SUPPORT 2	10270
RESISTANCE 1	10550
RESISTANCE 2	10660

Rise in the market: Sudarshan Sukhani

Dotcom Stuenalist the Sudarshan Sukhani the Nifty is range-bound trading, the declining trend can be seen in the light.

Sudarshan Sukhani Given the current situation of the market fluctuation of the environment remain, however, is expected to come up in the market in May.

STOCK MARKET REVIEW: 20^TH APRIL 2012

BSE Small-Cap index was down by 0.47% while the BSE Mid-Cap index finished 0.98% down.CNX MIDCAP 50 index was down 0.95% and S&P CNX 500 was down around 0.79%. The SENSEX closed 129 points down at 17,373 and the NIFTY stood at 5290, down by 40 points.

The bull rally of BSE SENSEX and NIFTY came to a pause on the last trading session erasing the gains in previous four sessions. NIFTY could not hold the important level of 5300 and closed below at 5290. Markets fell in a steep fall in the mid session as investors booked profit being cautious of RELIANCE INDUSTRIES results to be announced after market hours for Quarter 4 earnings. However one more reason for today’s fall was from Institutional investors as a freak trade happened in INFOSYS and NIFTY FUTURES April contracts hitting a low of 1950 and 5000 respectively which might have triggered stop loss.

Nifty Gainers

Today’s nifty top gainer were

M&M changed 2.75% with 31, 06,318 volumes

WIPRO changed 1.01% with 9, 48,719 volumes

CIPLA changed 0.70% with 13, 22,510 volumes

Nifty Losers

Today’s nifty top losers were

IDFC with volume 65, 35,248 and changed -3.30%

JPASSOCIAT with volume 1, 56, 91,719 and changed -2.87%

SIEMENS with volume 1, 14,023 and changed -2.52%


20th April Profitable call of  Nifty future

BASIC CALL- SELL NIFTY FUTURES AROUND BELOW 5310 TG 5295,5275,5250 SL 5335.10

UPDATE: SENSATIONAL PROFIT IN NIFTY FUTURES ON FIREEE, 3RD TG 5250 ACHIEVED,MADE RECENT LOW 5225.9 BOOK FULL PROFIT

For free calls fill the Free Trial  form
Join us on Facebook
Follow me on Twitter