STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 13th JUNE 2012

NIFTY OUTLOOK FOR  ^13th JUNE  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5040
SUPPORT 2	4970
RESISTANCE 1	5155
RESISTANCE 2	5200

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9965
SUPPORT 2	9795
RESISTANCE 1	10230
RESISTANCE 2	10325

EXPERT VIEW

Nifty, Bank Nifty Buy: Mohit Gaba

Technical analyst Mohit Gaba says nifty on Tuesday began the weak growth seen in the latter. The IIP figures were worse than expected, so traders should make the shopping strategy.According to mohit gaba in today’s market if nifty at 5,125 level and bank nifty at 10,160 level held continuously then it can be buy.

STOCK FUTURE CALLS

BUY HINDUSTAN OIL EXPLORATION FUTURES ABOVE 120.7 TG 121.5,122.5,124 SL 119.15

UPDATE:HINDUSTAN OIL EXPLORATION 1ST TG 122.25 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 123.5

SELL MARUTI FUTURES AROUND 1114 AND HOLD WITH SL AROUND 1126

SELL BANK NIFTY FUTURES BELOW 10060 TG 10035,10005,9965 SL  10120.25

BUY JET AIRWAYS FUTURES ABOVE 365 AND HOLD WITH SL AROUND 360

UPDAET:JET AIRWAYS 3RD TG 383 ACHIEVED,BOOK MORE PROFIT REVISE SL AT COST FOR 3RD TG 388

12th JUNE PERFORMANCE:

TATAMOTORS PUT 3TG, HERCULESHOIST 3TG,

WHEELSINDIA FUT 3TG, TATAMOTORS FUT 3TG,

BANKNIFTY 2TG, HAVELLS FUT 2TG,

YESTERDAY POS. HINDCOPPER 1TG,

AJANTAPHARMA 1TG, WOCKHARD FUT 1TG,

GODEREJCP 1TG,

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STOCK MARKET REVIEW: 12TH JUNE 2012

BSE Small-Cap index was up 0.28% while the BSE Mid-Cap index finished 0.56% up.CNX MIDCAP 50 index was up 0.93% and S&P CNX 500 was up around 1.02%. The SENSEX closed 186 points up at 16,854 and the NIFTY stood at 5115, up by 61 points.

BSE SENSEX and NIFTY traded lower in earlier trading hours bounced back smartly in second half as hopes over Reserve Bank of India’s rate cut boosted the investors sentiments. Experts are expecting a rate cut of 50 basis points in repo rate or 50-100 basis points in cash reserve ratio which would release Rs. 60,000 crore in to the banking system. Rating agency Standard and Poor’s already warned to downgrade India’s investment and sluggish growth in GDP for fourth quarter would create a pressure over RBI to go for further rate cut. However banking, Auto, Engineering and Software stocks topped the buying list while DRREDDY, RANBAXY and Hindustan Unilever created the pressure over the index.

Nifty Gainers

Today’s nifty top gainer were:

AMBUJACEM changed 5.81% with 30, 52,394 volumes

PNB changed 4.06% with 8, 46,708 volumes

ACC changed 3.18% with 4, 47,845 volumes

Nifty Losers

Today’s nifty top losers were:

WIPRO with volume 22, 29,129 and changed -1.84 %

DRREDDY with volume 4, 29,993 and changed -1.74%

RANBAXY with volume 12, 51,402 and changed -1.13%

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