STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 9TH AUG 2012

NIFTY OUTLOOK FOR  9TH AUG  2012

NIFTY SPOT LEVEL   

TREND – CONSOLIDATION

SUPPORT 1	5320
SUPPORT 2	5300
RESISTANCE 1	5365
RESISTANCE 2	5395

BANK NIFTY FUTURES   

TREND- CONSOLIDATION

SUPPORT 1	10480
SUPPORT 2	10430
RESISTANCE 1	10610
RESISTANCE 2	10690

7TH AUGUST COMMODITY PERFORMANCE:

JEERA 1ST SELL CALL 3TG, JEERA 2ND SELL CALL 3TG,

CASTORSEED SELL CALL 3TG, TURMERIC SELL CALL 3TG,

CHANA SELL CALL 2TG, RMSEED SELL CALL 1TG,

MENTHA OIL SELL CALL 1TG, SOYABEAN SELL CALL 1TG,

JEERA PREMIUM SELL CALL 1TG, GOLD 1ST SELL CALL 3TG,

GOLD 2ND SELL CALL 2TG, COPPER BUY CALL 2TG,

CRUDE OIL BTST TG ACHIEVED

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STOCK MARKET REVIEW: 8TH AUG 2012

BSE Small-Cap index was down 0.39% while the BSE Mid-Cap index finished 0.19% down.CNX MIDCAP 50 index was down 0.33% and S&P CNX 500 was down around 0.12%. The SENSEX closed 2 points down at 17,600 and the NIFTY stood at 5,338 up by 2 points.

BSE SENSEX and NIFTY shed the previous gains and ended almost flat on WEDNESDAY after investors booked profit and index heavy weight and India’s largest telecom operator Bharti Airtel posted poor quarterly numbers. The cut in India’s gross domestic products (GDP) forecast by CLSA and CITI to 5.5 percent and 5.4 percent from 6.0 percent and 6.2 percent respectively also weight over the sentiments. Indian equities traded higher in early trading hours but took a U- turn later as negative opening of European markets led the rally after Bank of England cut the economic growth. However Bharti Airtel crashed 6.6 percent over the poor earnings, company’s net profit fell 24.23 percent quarter-on-quarters to 762.2 crore while M&M and BPCL tried to hold NIFTY into positive terrain.

Nifty Gainers

Today’s nifty top gainer were:

M&M changed 3.87% with 28, 43,430 volumes

BPCL changed 3.02% with 9, 54,575 volumes

HINDALCO changed 1.98 % with 86, 88,039 volumes

Nifty Losers

Today’s nifty top losers were:

BHARTIARTL with volume 3, 34, 23,428 and changed -6.43%

GAIL with volume 22, 43,064 and changed -3.02%

DLF with volume 49, 51,225 and changed -2.07%

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