STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 11th JUNE 2012

NIFTY OUTLOOK FOR  11TH JUNE  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5020
SUPPORT 2	4960
RESISTANCE 1	5110
RESISTANCE 2	5140

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9880
SUPPORT 2	9730
RESISTANCE 1	10100
RESISTANCE 2	10175

STOCK FUTURES CALLS

SELL DR. REDDY FUTURES BELOW 1597 TG 1592,1586,1580 SL 1605.10
UPDATE: SELL DR. REDDY FUTURES BELOW 1600 AND HOLD UNTIL OUR NEXT UPDATE WITH SL AROUND 1613

RAYMOND FUTURES 1ST TG 394.25 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 395.75

BUY BOMBAY DYEING FUTURES ABOVE 508 TG 512,517,523 SL 501.5

UPDATE: BOMBAY DYEING FUTURES 1ST TG 512 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 517

BUY NIFTY 5100 JUNE PUT ABOVE 111 TG 119,127,140 SL 98

UPDATE:NIFTY 5100 JUNE PUT 2ND TG 127 ACHIEVED,BOOK MORE PROFIT REVISE SL AT COST FOR 3RD TG 140

NIFTY FUTURES 2ND TG 5045 ACHIEVED,BOOK MORE PROFIT REVISE SL AT COST PRICE FOR 3RD TG 5020

UPDATE:SENSATIONAL PROFIT IN BANK NIFTY FUTURES ON FIRE, 3RD TG 9865 ACHIEVED,BOOK FULL PROFIT TILL CLOSE


SELL BANK NIFTY FUTURES AROUND 9860 AND HOLD FOR TOMORROW

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EXPERT VIEW

Bullish on Nifty, target at 5200: Sudarshan Sukhani

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com says, he is upbeat and bullish on the market now. "We should be on the long side of the market," he asserts.The current rally, he says, has a target of 5,200. "Today morning after a gap up, when the market cools down, there is still justification for initiating a long trade," he adds.

8th JUNE PERFORMANCE:

BANK NIFTY FUT 3TG,

AANJANEYA 2TG,

TATACOFFEE FUT 2TG,

RAJTV 2TG,

EVERESTIND 2TG,

RELCAPITAL FUT COST EXIT,

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STOCK MARKET REVIEW: 8^TH JUN 2012

BSE Small-Cap index was up 0.20% while the BSE Mid-Cap index finished 0.22% up.CNX MIDCAP 50 index was up 0.52% and S&P CNX 500 was up around 0.41%. The SENSEX closed 70 points up at 16,718 and the NIFTY stood at 5068, up by 18 points.

BSE SENSEX and NIFTY traded lower on FRIDAY, rebounded smartly in last trading hour ended with 0.42 percent and 0.37 percent respectively. Indian markets recovered almost 5 percent this week resulting highest ever weekly gain in 2012. Markets got the momentum as positive opening of European markets, and appreciating rupee along with short covering fuelled the rally. Indian rupee recovered by 25 paise at 55.44 against the DOLLAR from day’s low 55.69. Investors also eyed the Reserve Bank of India’s monetary policy schedule to be announced on 18^TH JUNE. However L&T, Sterlite and Reliance Industries topped the buying list while Cairns, Maruti and ONGC put the pressure over the gains.

Nifty Gainers

Today’s nifty top gainer were:

RELINFRA changed 5.00% with 61, 43,467 volumes

GAIL changed 4.15% with 14, 70,634 volumes

STER changed 3.70% with 1, 17, 55,276 volumes

Nifty Losers

Today’s nifty top losers were:

CAIRNS with volume 9, 69,122 and changed -1.65%

ONGC with volume 38, 33,236 and changed -1.63%

MARUTI with volume 4, 55,993 and changed -1.42%

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