Friday, May 18, 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 21ST MAY 2012


NIFTY OUTLOOK FOR  21st  MAY  2012

NIFTY SPOT LEVEL
TREND – BEARISH

SUPPORT 1
4825
SUPPORT 2
4750
RESISTANCE 1
4950
RESISTANCE 2
4990


BANK NIFTY FUTURES :
TREND- BEARISH

SUPPORT 1
9110
SUPPORT 2
8870
RESISTANCE 1
9480
RESISTANCE 2
9610



EXPERT VIEW
Market will remain flat business: Udayan Mukherjee
Udayan Mukherjee says that to the start of the week market may be flat with the business. Friday's trading session on all days except the last week the markets were bad. The S & P 500 closed below 1,300, which is not a positive sign for the market.

Udayan Mukherjee, global markets are showing some signs of change. The Nifty 4,900 level could be Asapas.

STOCK MARKET REVIEW: 18TH MAY 2012

STOCK MARKET CALLS
BSE Small-Cap index was down 0.24% while the BSE Mid-Cap index finished 0.27% down.CNX MIDCAP 50 index was down 0.11% and S&P CNX 500 was up around 0.53%. The SENSEX closed 82 points up at 16,152 and the NIFTY stood at 4906, up by 36 points.

BSE SENSEX and NIFTY traded red initially but recovered sharply in later trading hours as boosted up by State Bank of India, outperformed and railed up to 5 percent after its quarterly earning results. Short covering also helped the markets to go upward as it shown an intraday recovery of more than 300 points from the low. Rupee has also shown a smart recovery to 54.56 against the DOLLAR from its all time low of 54.89. India’s largest lender State Bank of India presented better than expected net profit of Rs. 4050 crore for fourth quarter FY12 aided by higher interest income and lower provisioning for non-performing loans.


 Nifty Gainers

Today’s nifty top gainer were
SBIN changed 5.82% with 88, 72,197 volumes
SESAGOA changed 3.84% with 38, 38,354 volumes
GRASIM changed 3.69% with 42,938 volumes


Nifty Losers

Today’s nifty top losers were
TATAMOTOR with volume 1, 25, 92,092 and changed -3.87%
AMBUJACEM with volume 26, 31,356 and changed -3.52%
MARUTI with volume 6, 12,497 and changed -3.08%

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