NIFTY OUTLOOK FOR 4TH MAY 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1 | 5175 |
SUPPORT 2 | 5155 |
RESISTANCE 1 | 5210 |
RESISTANCE 2 | 5230 |
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1 | 10065 |
SUPPORT 2 | 10000 |
RESISTANCE 1 | 10220 |
RESISTANCE 2 | 10315 |
EXPERT VIEW
Create a strategy to increase sales: Sudarshan Sukhani
Stuenalist dotcom's Sudarshan Sukhani says that the markets are showing signs of decline, Nifty comes down to the show, such a strategy should also fast on the sellers.According to Sudarshan Sukhani market stands on the verge of decline. On Thursday, the Nifty closed below 5,200, while the Sensex down 150.72 points to close at 17151.19.
TODAYS PERFORMANCE
PANTALOON FUTURES 3TG,
BANK NIFTY FUTURES 3TG,
PNB FUTURES 3TG,
BAJAJAUTO FUTURES 3TG,
JUBILANT FOODWORKS FUTURES 1TG,
STBT VIP FUT, BTST TTK FUT AND BTST UNITED PHOSPHORUS FUT AND STBT MARUTI FUT ON FIREE.
STOCK MARKET REVIEW: 3RD MAY 2012
BSE Small-Cap index was down by 1.00% while the BSE Mid-Cap index finished 1.02% down.CNX MIDCAP 50 index was down 1.15% and S&P CNX 500 was down around 1.02%. The SENSEX closed 150 points down at 17,151 and the NIFTY stood at 5188, down by 50 points.
BSE SENSEX and NIFTY ended with weak notes at 5188 continued its fall ahead of previous session as markets traded more on global sentiments. India Rupee depreciated to 53.45 hitting a fresh four month low against the DOLLAR before Reserve Bank of India intervened yet again to stem the falls. DOLLAR is pushed up by OIL Importers and foreign banks as they made purchases on USD/INR pair. RBI sold DOLLARS in foreign exchange market at around 53.45 Rupee levels hitting an intraday high of 53.4550. Markets were tanked down by Banking and Auto stocks as banking major AXIS BANK, BANK OF BARODA and Auto giant MARUTI, HEROMOTO and BAJAJ AUTO ended in red. HEROMOTO lost 8% after lower than expected Quarterly numbers, While ASIANPAINT, TCS and WIPRO capped the fall.
Nifty Gainers
Today’s nifty top gainer were
ASIANPAINT changed 2.37% with 94,747 volumes
HINDUNILVR changed 2.32% with 68, 17,254 volumes
WIPRO changed 2.05% with 17, 78,346 volumes
Nifty Losers
Today’s nifty top losers were
HEROMOTO with volume 20, 58,877 and changed -7.55%
AXISBANK with volume 23, 16,943 and changed -3.94%
BANKBARODA with volume 8, 34,432 and changed -3.39%
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