STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 7th JUNE 2012

NIFTY OUTLOOK FOR  ^7th JUNE  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	4910
SUPPORT 2	4840
RESISTANCE 1	5040
RESISTANCE 2	5085

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9580
SUPPORT 2	9420
RESISTANCE 1	9830
RESISTANCE 2	9925

TODAYS STOCK FUTURES CALLS:

BUY AXIS BANK FUTURES AROUND 1024 TG 1030,1035,1042 SL 1017

BUY NIFTY FUTURES ABOVE 5025 TG 5040,5060,5085 SL 4995

BUY HEXAWARE FUTURES ABOVE 128 TG 128.75,129.75,131 SL 126.45

BUY RELIANCE CAPITAL FUTURES ABOVE 343.5 TG 346,349,352 SL  338.95


BUY ZEE ENTERTAINMENT FUTURES ABOVE 140 TG 140.7,141.5,142.5 SL  138.5

BUY TTK PRESTIGE FUTURES AROUND 2950 AND HOLD

6TH JUNE PERFORMANCE:

BANKNIFTY CALL 3TG, PANTALOONFUT 3TG

JETAIRWAYS FUT 3TG, STRIDESACROLABS 3TG,

YDAY L&T CALL 3TG, VENKEY’S 2TG,

BATAINDIA FUT 1TG,  Y’DAY NIFTY PUT SL HIT,

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5TH JUNE COMMODITY PERFORMANCE:

BTST SILVER CALL ON FIREE,

NATURAL GAS SL TRIGGERED,

NICKEL SL TRIGGERED,

 STOCK MARKET REVIEW: 6^TH JUN 2012

STOCK MARKET CALLS

BSE Small-Cap index was up 1.48% while the BSE Mid-Cap index finished 1.78% up.CNX MIDCAP 50 index was up 2.12% and S&P CNX 500 was up around 2.50%. The SENSEX closed 433 points up at 16,454 and the NIFTY stood at 4997, up by 133 points.

BSE SENSEX and NIFTY traded in green and boosted on WEDNESDAY recovered almost 2 percent on the session as expectations over Reserve Bank of India’s rate cut in policy led the rally. It is expected that RBI may cut the repo rate by 50 basis points instead of 25 basis points in policy schedule to be announced on 8 JUNE. Prime minister’s meeting with key ministries to boost infrastructure sector also helped the markets to stay higher. Positive opening of European markets further fuelled the fire. However Auto, Banking, Capital goods, and FMCG stocks led the rally while Cipla, BPCL and DRREDDY created a bit pressure.

 Nifty Gainers

Today’s nifty top gainer were:

TATAMOTOR changed 5.41% with 2, 67, 29,892 volumes

HEROMOTO changed 5.08% with 8, 06,930 volumes

JINDALSTEEL changed 4.87% with 61, 85,148 volumes

Nifty Losers

Today’s nifty top losers were:

CIPLA with volume 9, 38,541 and changed -0.34%

BPCL with volume 4, 36,550 and changed -0.26%

DRREDDY with volume 6, 76,133 and changed -0.21%

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