STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 7TH MAY 2012

NIFTY OUTLOOK FOR  7TH  MAY  2012

NIFTY SPOT LEVEL:TREND – BEARISH

7th May trading is expected between the broad levels of 5000-5210. If the market breaches the level of 5150 on the upper side then the next resistance level will be 5210. But if nifty breaches the support level of 5040 then it may go down till the level of 5000.

SUPPORT 1	5040
SUPPORT 2	5000
RESISTANCE 1	5150
RESISTANCE 2	5210

BANK NIFTY FUTURES:TREND- BEARISH

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9550-10180. Bank nifty futures can go down till the level of 9550 once it breaks the level of 9960. On the opposite side once breaking the level of 9980, it is expected to go upward till the level of 10180. Bank nifty will be trading between the narrow ranges of 10065-10220.

SUPPORT 1	9960
SUPPORT 2	9550
RESISTANCE 1	9980
RESISTANCE 2	10180

EXPERT VIEW

Nifty below 5000 will be: Udayan Mukherjee

CNBC - Managing Editor, Udayan Mukherjee -18 television that is quite disappointing to the market last week, the Nifty slipped below 5100 levels. While weakness in Nifty likely to continue and it can show the level is below 5,000. Nifty as well as the whole week is a little chance of improvement.

According to Udayan Mukherjee, France and Greece to the election results have disappointed the global markets. The markets this week may not be a good start.

Market analysts' comments

Nirmal Jain of IIFL said investors should be cautious in the market at current levels. Market and are expected to decline.At home, money, Gar, Mauritius Tax Treaty has increased the confusion already. The change of power in Europe has made ​​the situation worse.

Rajesh Agarwal of Eastern Fainenshiers that Nifty is below 5000. Domestic factors will determine the direction of the market. Gar on the rupee and the market has increased the confusion.

STOCK MARKET REVIEW: 4TH MAY 2012

BSE Small-Cap index was down by 1.81% while the BSE Mid-Cap index finished 2.15% down.CNX MIDCAP 50 index was down 1.94% and S&P CNX 500 was down around 1.88%. The SENSEX closed 327 points down at 16,824 and the NIFTY stood at 5087, down by 101 points.

BSE SENSEX and NIFTY tanked down on the last trading session added the fall in previous losses. SENSEX and NIFTY lost more than 1.8 percent and 1.9 percent respectively on FRIDAY, break the important psychological support level of 17000 and 5100 respectively. Investors are taking is as a final downtrend signal for the markets. The major concern was depreciating rupee and wording of Anti-Avoidance Rule in the finance bill took a sell off. Losses were added by weak European markets opening along with hammered by Capital Goods, Metals, and Banking stocks while pharmaceutical companies capped the falls.

Nifty Gainers

Today’s nifty top gainer were

CIPLA changed 2.93% with 45, 11,369 volumes

SUNPHARMA changed 0.83% with 8, 48,708 volumes

WIPRO changed 0.64% with 19,92,155 volumes

Nifty Losers

Today’s nifty top losers were

BANKBARODA with volume 37, 88,687 and changed -6.23%

PNB with volume 5, 80,646 and changed -5.07%

BHEL with volume 87, 00,839 and changed -5.04

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