Wednesday, May 30, 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 31st MAY 2012


NIFTY OUTLOOK FOR  31st MAY  2012

NIFTY SPOT LEVEL TREND – BEARISH
Tomorrow trading is expected between the broad levels of 4920-4995. If the market breaches the level of 4970 on the upper side then the next resistance level will be 4995. But if nifty breaches the support level of 4935 then it may go down till the level of 4920.

SUPPORT 1
4935
SUPPORT 2
4920
RESISTANCE 1
4970
RESISTANCE 2
4995


BANK NIFTY FUTURES TREND- BEARISH
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9430-9685. Bank nifty futures can go down till the level of 9430 once it breaks the level of 9475. On the opposite side once breaking the level of 9600, it is expected to go upward till the level of 9685. Bank nifty will be trading between the narrow ranges of 9475-9600.

SUPPORT 1
9475
SUPPORT 2
9430
RESISTANCE 1
9600
RESISTANCE 2
9685


30TH MAY PERFORMANCE:

STOCK MARKET CALLS
TATAMOTORS PUT 3TG, WHEELSINDIA FUT 3TG, TATAMOTORS FUT 3TG, HERCULESHOIST 3TG,
BANKNIFTY 2TG, HAVELLS FUT 2TG, YESTERDAY POS. HINDCOPPER 1TG, AJANTAPHARMA 1TG,
WOCKHARD FUT 1TG, GODEREJCP 1TG,
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STOCK MARKET REVIEW: 30TH MAY 2012
STOCK MARKET CALLS
BSE Small-Cap index was down 1.21% while the BSE Mid-Cap index finished 1.28% down.CNX MIDCAP 50 index was down 1.61% and S&P CNX 500 was down around 0.94%. The SENSEX closed 126 points down at 16,312 and the NIFTY stood at 4900, down by 39 points.

BSE SENSEX and NIFTY traded lower on the session as investors remained on the edge as they eyed the Future and Options expiry and Gross Domestic Products (GDP) data to be announced tomorrow. Indian rupee depreciated for the third consecutive session, fell below the important psychological level of 56 against the DOLLAR. Negative opening of European Markets further fuelled the fire after Euro slipped to the lowest level in previous three months. However IDFC, Tata motor and Reliance infra led the rally downwards while Ambuja cements, ACC and Sun pharma limited the downside.

Nifty Gainers

Today’s nifty top gainer were:
AMBUJACEM changed 4.88% with 26, 80,448 volumes
ACC changed 2.57 % with 3, 50,209 volumes
MARUTI changed 1.65% with 11, 51,146 volumes


Nifty Losers

Today’s nifty top losers were:
TATAMOTORS with volume 4, 04, 96,695 and changed -12.28%
RELINFRA with volume 13, 57,930 and changed -3.85%
IDFC with volume 48, 46,092 and changed -3.73%

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