Friday, July 20, 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 23RD JULY 2012


NIFTY OUTLOOK FOR  23rd JULY  2012

NIFTY SPOT LEVEL   
TREND – BEARISH

SUPPORT 1
5190
SUPPORT 2
5175
RESISTANCE 1
5230
RESISTANCE 2
5255







BANK NIFTY FUTURES   
TREND- BEARISH

SUPPORT 1
10425
SUPPORT 2
10360
RESISTANCE 1
10585
RESISTANCE 2
10685

EXPERT VIEW
Credit policy, look at the results: Udayan Mukherjee
According to Udayan Mukherjee, this week the market will be very important. After the presidential election reforms towards market closely. The RBI's credit policy will play a key role in the approach to the market. In terms of the corporate quarterly earnings this week will be crucial to the market.

According to Udayan Mukherjee, due to negative global cues weaken the beginning-of-date. The narrow range this week out of the market can turn down or upwards.


20TH JULY  PERFORMANCE:
JUBILFOOD FUT 3TG, TUBE INVESTMENT 3TG,
HYDERABAD INDUSTRIES 3TG, INDIABULLS FINANCE 3TG,
CMC LTD 2TG, JINDAL POLYFILMS 2TG,
ASIAN PAINT FUT 2TG, JUBLFOOD CALL 2TG,
ASIAN PAINT FUT 2ND CALL 2TG,
TATACOMM FUT 1TG, POS JUBLFOOD 1TG,
POS KOTAKBANK 1TG, BANKNIFTY 1TG,
TUBE INVESTMENT 2ND CALL 1TG,
STBT MARUTI FUT & BTST HAVELLS FUT TG ACHIEVED
BTST BATA INDIA FUT & TIMKEN EXIT AT COST
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STOCK MARKET REVIEW: 20TH JULY 2012
BSE Small-Cap index was down 0.11% while the BSE Mid-Cap index finished 0.23% down.CNX MIDCAP 50 index was down 0.34% and S&P CNX 500 was down around 0.54%. The SENSEX closed 120 points down at 17,158 and the NIFTY stood at 5,205 down by 35 points.

BSE SENSEX and NIFTY traded slightly lower on FRIDAY shed previous gains as traded over the weak global cues. NIFTY struggled near the 5200 levels for the whole day and managed to hold the level closed just above at 5208. Negative opening of European markets further dragged the market down. Index heavyweight and refinery major Reliance Industries closed 0.70 percent down ahead of its quarterly numbers today posted a 3 percent sequential rise in net profit. However Capital goods, Reality tanked almost 1 percent along with Banking stocks as Banks fell after Reserve Bank of India recommended strict regulations on loan restructuring while India’s largest two wheeler maker Bajaj-auto, along with Maruti and Asian Paints remained on buying radar of the investors.


Nifty Gainers

Today’s nifty top gainer were:
BAJAJ AUTO changed 2.73% with 11, 68,705 volumes
MARUTI changed 2.65% with 45, 53,174 volumes
ASIANPAINT changed 2.23% with 4, 20,649 volumes


Nifty Losers

Today’s nifty top losers were:
BHEL with volume 63, 35,549 and changed -3.02%
KOTAKBANK with volume 13, 61,386 and changed -2.82%
DRREDDY with volume 11, 33,580 and changed -2.75%

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