NIFTY OUTLOOK FOR 3RD MAY 2012
NIFTY SPOT LEVEL
TREND – BEARISH
| SUPPORT 1 | 5210 |
| SUPPORT 2 | 5190 |
| RESISTANCE 1 | 5260 |
| RESISTANCE 2 | 5300 |
BANK NIFTY FUTURES
TREND- BEARISH
| SUPPORT 1 | 10240 |
| SUPPORT 2 | 10200 |
| RESISTANCE 1 | 10350 |
| RESISTANCE 2 | 10410 |
STOCK MARKET REVIEW: 2ND MAY 2012
BSE Small-Cap index was up by 0.20% while the BSE Mid-Cap index finished 0.27% down.CNX MIDCAP 50 index was down 0.36% and S&P CNX 500 was down around 0.49%. The SENSEX closed 18 points down at 17,301 and the NIFTY stood at 5240, down by 9 points.
BSE SENSEX and NIFTY ended with weak notes at 5239 after holding the level of 5250, ahead of rupee played a spoilsport closed at 52.88 against the DOLLAR as RBI is suspected to push it up taking up to intraday high of 53.02. The fall was led by Auto sector as TATA MOTORS fell by 3.65 percent after poor Quarterly numbers presented. MARUTI SUZUKI INDIA also supported the fall losing 3.2 percent on the session along with BAJAJ AUTO, GRASIM INDUSTRIES, and TATA POWER while downtrend was capped by IT counters on strong U.S. manufacturing data with DLF, BHARTIARTL, CIPLA PNB and SAIL ended in green.
Nifty Gainers
Today’s nifty top gainer were
DLF changed 2.89% with 72, 08,417 volumes
BHARTIARTL changed 2.51% with 67, 70,705 volumes
CIPLA changed 1.97% with 15, 68,105 volumes
Nifty Losers
Today’s nifty top losers were
TATMOTOR with volume 1, 01, 71,756 and changed -3.55%
MARUTI with volume 6, 66,676 and changed -3.42%
GRASIM with volume 39,267 and changed -2.63%
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