NIFTY OUTLOOK FOR 1st JUNE 2012
NIFTY SPOT LEVEL TREND – BEARISH
Today trading is expected between the broad levels of 4860-4990. If the market breaches the level of 4965 on the upper side then the next resistance level will be 4990. But if nifty breaches the support level of 4900 then it may go down till the level of 4860.
SUPPORT 1 | 4900 |
SUPPORT 2 | 4860 |
RESISTANCE 1 | 4965 |
RESISTANCE 2 | 4990 |
BANK NIFTY FUTURES TREND- BEARISH
Today trading is expected between the broad levels of 4860-4990. If the market breaches the level of 4965 on the upper side then the next resistance level will be 4990. But if nifty breaches the support level of 4900 then it may go down till the level of 4860.
SUPPORT 1 | 9380 |
SUPPORT 2 | 9310 |
RESISTANCE 1 | 9500 |
RESISTANCE 2 | 9550 |
EXPERT VIEW
Volatility to be Continue in Market: Udayan MukherjeeUdayan Mukherjee says that June day the market is likely to be poor.According to Udayan Mukherjee June of months the market will be quite disappointing. The market should not expect any faster.
Create short positions in Nifty: Mohit Gaba
According to Technical analysts Mohit Gaba market are seen to be weak, the GDP figures are disappointing. The market moves on the next few days is expected to be slow.According to Gaba Traders fascinated with stoploss of Rs 4,850 for the Nifty target of 4985 to create short positions.
Stock Market Calls:
TATA MOTORS FUTURES IS TRADING NEAR 3RD TG 226 BOOK FULL PROFIT
CENTURY TEXTILES FUTURES 1ST TG 264.75 ACHIEVED BOOK PARTIAL PROFIT 2ND TG IS 263.5
UPDATE: CENTURY TEXTILES FUTURES 2ND TG 263.5 ACHIEVED,BOOK MORE PROFIT REVISE SL AT COST FOR 3RD TG 261.5
UPDATE:CENTURY TEXTILES FUTURES BOOK FULL PROFIT NEAR 262-263
UPDATE:CENTURY TEXTILES FUTURES BOOK FULL PROFIT NEAR 262-263
STBT CALL: SELL ASIAN PAINTS FUTURES AROUND 3810 AND HOLD UNTIL NEXT UPDATE
BUY INDRAPRASTHA GAS FUTURES ABOVE 239 TG TO FOLLOW
UPDATE:SENSATIONAL MOVE IN INDRAPRASTHA GAS FUTURES MADE NEW HIGH 247.7 BOOK FULL PROFIT TODAY
NIFTY CALLS BUY BANK NIFTY 9000 JUNE PUT ABOVE 198 TG 208,220,235 SL 183
UPDATE:BANK NIFTY 9000 JUNE PUT 1ST TG 208 ACHIEVED, BOOK PARTIAL PROFIT 2ND TG IS 220
UPDATE:BANK NIFTY 9000 JUNE PUT MADE DAY HIGH 218.85 NEAR 2ND TG 220 BOOK MORE PROFITNIFTY FUTURES 2ND TG 4845 ACHIEVED,BOOK MORE PROFIT REVISE SL AT COST FOR 3RD TG 4820
BUY NIFTY 4900 JUNE PUT AROUND 155 TG 162,170,180 SL 143
UPDATE:NIFTY 4900 JUNE PUT MADE NEW HIGH 169.05 NEAR 2ND TG 170 BOOK MORE PROFIT
YESTERDAY PERFORMANCE:
UPDATE:NIFTY 4900 JUNE PUT 2ND TG 170 ACHIEVED,BOOK FULL PROFIT TILL CLOSE
YESTERDAY PERFORMANCE:
UNITED SPIRIT FUT 3TG,
GODREJCP 3TG,
NIITTECH 3TG,
ZANDUREALTY 3TG,
LIBERTSHOES 3TG,
YESTERDAY POS. VGAURD 3TG,
ITC PUT 2TG,
REC FUT 2TG ALMOST ACHIEVED,
VGUARD 1TG,
PRIORITY CALL GODREJCP ON FIREE,
NIFTY FUTURE COST EXIT,
JSW STEEL COST EXIT,
OILINDIA COST EXIT,
STOCK MARKET REVIEW: 31ST MAY 2012
BSE Small-Cap index was down 0.57% while the BSE Mid-Cap index finished 0.36% up.CNX MIDCAP 50 index was up 0.22% and S&P CNX 500 was down around 0.28%.
The SENSEX closed 93 points down at 16,218 and the NIFTY stood at 4924, down by 26 points.
BSE SENSEX and NIFTY traded in red on THURSDAY took a smart recovery in second half session as hopes over Reserve Bank of India’s rate cut in policy revived the sentiments. Recovery in European Markets also supported the gains. Although country’s GDP data shown 5.3 percent lowest in previous nine years for January-March quarter. Manufacturing sector contracted and record low of Rupee shows that economy remains under pressure for the current quarter. However IDFC, SAIL, ASIAN PAINTS helped the markets to recover while TATAMOTORS, MARUTI, and ICICIBANK created the pressure to downside.
Nifty Gainers
Today’s nifty top gainer were
JPASSOCIAT changed 3.66% with 2, 14, 40,339 volumes
ASIANPAINT changed 3.50% with 3, 86,111 volumes
IDFC changed 3.37% with 1, 31, 71,996 volumes
Nifty Losers
Today’s nifty top losers were
MARUTI with volume 33, 01,122 and changed -4.00%
ICICIBANK with volume 72, 58,385 and changed -3.90%
TATAMOTOR with volume 3, 74, 26,861 and changed -3.89%
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