STOCK MARKET CALLS | ANALYSIS | NIFTY OUTLOOK 17TH APRIL 2012

Markets fall after strong start

Credit policy repo rate is expected to decline rapidly beginning with the domestic markets. Sensex up 50 points, 17 201 and the Nifty gained 40 points to open in 5267. However, selling pressure in early trading on the market has increased.

Better than expected retail sales figures on Monday to back up the U.S. markets. The Dow Jones gained 0.5 percent. However, due to the sharp fall in IT stocks, the Nasdaq Composite fell 0.75 per cent.

There is pressure on Asian markets. Taiwan Index, Hang Sang, Shanghai Composite, Straits Times and Cospi is in the 1 to 0.25 per cent. Singapore Nifty is in red. However, the Nikkei ended at the  seems.

Today's Hot Stocks

What will the stock market today as the eye.

TataSteel

Company plant in the UK will invest about Rs 2,000 crore.

HotelLeela
promoters under CDR in the company will invest Rs 150 crore. The Prefrenshiyl Alotment the promoters' stake will be 63 per cent from 57 per cent.

MindTree
fiscal 2012 fourth quarter net profit of Rs 60.6 crore from Rs 68.9 crore. The company's income increased from Rs 519.7 crore to Rs 526 crore. 

NetcoPharma
Netco Pharma Pharma SMS payment in case the SMS Pharma won the case was filed. SMS Pharma to court the company had to absorb the interest of Rs 15.63 crore.

KingfisherAirlines
The company paid Rs 9 crore to the IT department. In addition to its outstanding balance Purnnirdharn Delhi International Airport Limited (DIAL) is also in talks with. 

MCX
The company announced a dividend of Rs 18 per share.

Clutch Auto
Workers' strike in Faridabad unit was holding up.

IVRCL
Merrill Lynch company to buy 21 million shares.

STOCK MARKET REVIEW: 16^TH APRIL 2012

BSE Small-Cap index was down by 0.56% while the BSE Mid-Cap index finished 0.80% down.CNX MIDCAP 50 index was down 0.46% and S&P CNX 500 was down around 0.48%.The SENSEX closed 56 points UP at 17,170 and the NIFTY stood at 5226, UP by 18 points.

BSE SENSEX and NIFTY started the week with little positive moves and ended by 0.30 percent and 0.36 percent gains respectively. markets were led by banks as banking sector outperformed today got support from Reserve Bank of India’s annual monetary policy for financial year 2012-2013, scheduled to be announced on 17^TH APRIL expected with 25 basis point rate cut in REPO RATE and CRR. However reality, capital goods and auto stocks too supported to the gains ended up more than 1 percent today.

  

Nifty Gainers

Today’s nifty top gainer were

TATAMOTORS changed 4.22% with 1, 22, 33,329 volumes

JPASSOCIAT changed 3.36% with 1, 46, 65,546 volumes

AXISBANK changed 3.17% with 12, 72,381 volumes

Nifty Losers

Today’s nifty top losers were

AMBUJACEM with volume 16, 67,988 and changed -2.39%

ACC with volume 2, 49,643 and changed -1.74%

BHARTIARTL with volume 38, 82,229 and changed -1.67%

NIFTY OUTLOOK FOR  17^th  APRIL 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	5200
SUPPORT 2	5165
RESISTANCE 1	5250
RESISTANCE 2	5270

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	10330
SUPPORT 2	10210
RESISTANCE 1	10505
RESISTANCE 2	10565

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