STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 5TH JULY 2012

NIFTY OUTLOOK FOR  5TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5275
SUPPORT 2	5250
RESISTANCE 1	5320
RESISTANCE 2	5340

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10485
SUPPORT 2	10450
RESISTANCE 1	10550
RESISTANCE 2	10585

EXPERT VIEW

Meeting of the ECB's view on the market: Andrew Holland

European Central Bank (ECB) will be meeting today. The eye of the market rests on the meeting of the ECB. Some positive news comes out of the meeting, it would be better for worldwide markets. Anbit Capital 's CEO, Andrew Holland , said today at a meeting of the ECB cut interest rates 50 basis points is expected. Reduction in interest rates is the fast response can be seen in the markets. The foreign markets on the strength of good signals can be reached at Nifty 5600-5700 levels.

4TH JULY  PERFORMANCE:

JSW STEEL FUT 3TG, JPASSOCIAT FUT 3TG,

JK CEMENT 3TG, DISH TV FUT 2TG,

MCLEOD RUSSEL FUT 2TG, SESAGOA FUT 2TG,

PUNJLLOYD FUT 2TG, DLF CALL 2TG,

RCOM FUT 1TG, VOLTAS FUT 1TG,

SBI FUT 1TG, ADVANTA 1TG,

BTST TTK PRESTIG FUT & SUN TV FUT TG ACHIEVED

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STOCK MARKET REVIEW: 4TH JULY 2012

BSE Small-Cap index was up 0.91% while the BSE Mid-Cap index finished 0.84% up.CNX MIDCAP 50 index was up 0.51% and S&P CNX 500 was up around 0.39%. The SENSEX closed 26 points up at 17,452 and the NIFTY stood at 5,302 up by 15 points.

BSE SENSEX and NIFTY traded in range bound session for the third consecutive session on WEDNESDAY after markets waited for the fresh trigger to extend the rally. Although European markets traded higher and ended at two months high over the speculation to get more policy stimulus from European leaders. From a broad market perspective NIFTY is expected to trade in range between 5100-5500 in near term but might be more to stocks specific. However Metal stocks topped the buying list today and remained on the radar of investors as metal index ended 2 percent up with metal giants JSW STEEL, JINDAL STEEL, SESAGOA and STERLITE up more than 3.50 percent each while ONGC, WIPRO and DRREDDY traded under pressure.

Nifty Gainers

Today’s nifty top gainer were:

STER changed 5.45% with 1, 36, 63,254 volumes

SESAGOA changed 3.92% with 90, 23,038 volumes

JINDALSTEEL changed 3.69% with 42, 54,285 volumes

Nifty Losers

Today’s nifty top losers were:

ONGC with volume 36, 32,751 and changed -2.24%

ASIANPAINT with volume 1, 11,805 and changed -1.86%

DRREDDY with volume 5, 22,279 and changed -1.71%

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