Friday, July 13, 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 16TH JULY 2012


NIFTY OUTLOOK FOR  16TH JULY  2012

NIFTY SPOT LEVEL   
TREND – BEARISH

SUPPORT 1
5200
SUPPORT 2
5185
RESISTANCE 1
5255
RESISTANCE 2
5285







BANK NIFTY FUTURES   
TREND- BEARISH

SUPPORT 1
10530
SUPPORT 2
10475
RESISTANCE 1
10675
RESISTANCE 2
10770

STOCK MARKET REVIEW: 13TH JULY 2012

BSE Small-Cap index was down 0.12% while the BSE Mid-Cap index finished 0.23% down.CNX MIDCAP 50 index was down 0.37% and S&P CNX 500 was down around 0.26%. The SENSEX closed 22 points down at 17,209 and the NIFTY stood at 5,225 down by 11 points.

BSE SENSEX and NIFTY traded lower and ended almost flat as investors remained on the edge and eyed the inflation data scheduled to be announced on 16 JULY. Inflation numbers would play a key role to review the monetary policy by Reserve Bank of India and take the final decision accordingly. Experts are expecting June inflation in range of 7.55%-7.8% against the previous month’s 7.55% and core inflation in the range 4.9%-5.5% against 4.8% in MAY. Indian rupee outperformed today and appreciated smartly by 63 paise to 55.31 against the US DOLLAR. However TCS, Heromoto Company and banking leader HDFC Bank helped the market to recover while Jindal Steel and Power, Tata Power and SBI traded under pressure.

Nifty Gainers

Today’s nifty top gainer were:
HEROMOTOCO changed 1.22% with 1, 73,631 volumes
TCS changed 1.06% with 36, 07,822 volumes
HDFCBANK changed 1.02% with 23, 77,011 volumes


Nifty Losers

Today’s nifty top losers were:
JINDALSTEEL with volume 22, 42,583 and changed -3.80%
HINDALCO with volume 62, 26,238 and changed -2.40%
TATAPOWER with volume 26, 12,550 and changed -2.18%


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1 comments:

Peehu Sharma said...

Crude Oil and Natural Gas March series have moved down 0.3 percent each at $ 53 a barrel and $ 3.299, respectively.
Brent Oil March expiry is quoted at $ 55 - down 0.2 percent.
Crude Intraday Tips

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