STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 19TH JULY 2012

NIFTY OUTLOOK FOR  19TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5185
SUPPORT 2	5150
RESISTANCE 1	5240
RESISTANCE 2	5255

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10530
SUPPORT 2	10450
RESISTANCE 1	10660
RESISTANCE 2	10710

EXPERT VIEW

Expected to increase, look at the results: Udayan Mukherjee

According to Udayan Mukherjee, the Indian markets for the trading session on Wednesday is fine, while nifty has managed to end 5200 levels. Such growth can be expected that some of the market. Although international crude oil prices remain a concern parent.

Udayan Mukherjee says that from the perspective of quarterly earnings is critical for today's trading session. Hero , Kotak Mahindra Bank and Dr Reddy's will come as a result of large companies. At today's cabinet meeting is expected to be many important decisions.

18^th JULY  PERFORMANCE:

RS SOFTWARE 3TG, TTK PRESTIG FUT 3TG,

BAJAJ AUTO FUT 2TG, SHASUN CHEMICALS 2TG,

GRANULES 2TG, GARDEN SILK MILLS 1TG,

DRREDDY FUT 1TG, SUN TV FUT 1TG,

FINANTECH FUT 1TG, POS PANTALOON FUT 1TG,

PANTALOON CALL 1TG, PNB PUT 1TG,

& TATA MOTOR DVR FUT EXIT AT COST

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STOCK MARKET REVIEW: 18TH JULY 2012

BSE Small-Cap index was up 0.29% while the BSE Mid-Cap index finished 0.53% up.CNX MIDCAP 50 index was up 0.29% and S&P CNX 500 was up around 0.41%. The SENSEX closed 80 points up at 17,185 and the NIFTY stood at 5,217 up by 24 points.

BSE SENSEX and NIFTY traded negative in opening hours but bounced back later towards the closing cheered over the positive European cues. NIFTY closed above the 5200 important level trading in a tight range between 5150-5300 since last two weeks over the lack of major global and domestic front. Indian rupee depreciated by 32 paise to 55.43 against the U.S. DOLLAR towards the last hours of trading. However Larsen & Toubro, TCS, led the rally along with India’s no 1 two wheeler maker Bajaj-Auto as rallied over 5 percent on the session. Another Auto major Heromoto Company ended with the 0.7 percent gains over the positive Quarter 1 results to be announced tomorrow while Punjab National Bank, Tata Motors and DRREDDY led the downside.

Nifty Gainers

Today’s nifty top gainer were:

BAJAJAUTO changed 5.32% with 26, 26,124 volumes

TATAPOWER changed 3.34% with 25, 12,483 volumes

SESAGOA changed 2.91% with 21, 83,075 volumes

Nifty Losers

Today’s nifty top losers were:

PNB with volume 6, 84,061 and changed -2.98%

TATAMOTOR with volume 1, 17, 71,162 and changed -1.95%

BANKBARODA with volume 9, 91,427 and changed -1.95%

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