STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 8TH MAY 2012

NIFTY OUTLOOK FOR  8TH  MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	5030
SUPPORT 2	4940
RESISTANCE 1	5170
RESISTANCE 2	5215

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	9610
SUPPORT 2	9330
RESISTANCE 1	10050
RESISTANCE 2	10190

EXPERT VIEW 

Nifty range of 4950-5000: Udayan Mukherjee


CNBC - TV managing editor Udayan Mukherjee -18According to Google the next few days will be in the range of 4950-5000. Will remain a key support level of 5,000 on the Nifty. While this market is expected to start.

According to Udayan Mukherjee Jiaaar on Monday to avoid the 1-year improvement came on the market.

STOCK FUTURES CALLS & UPDATES

BUY BANK NIFTY 9300 MAY PUT AROUND 138 TG 148,158,175 SL 123

UPDATE: BANK NIFTY 9300 MAY PUT 2ND TG 158 ACHIEVED,BOOK MORE PROFIT KEEP COST PRICE SL FOR 3RD TG 175

SELL CENTRAL BANK FUTURES BELOW 76 TG 75.5, 74.75,73.75 SL 76.9  

UPDATE: SUPERB PROFIT CENTRAL BANK FUTURES 2ND TG 74.75 ACHIEVED,BOOK MORE PROFIT 3RD TG IS 73.75     


Enjoy More Profitable calls

STOCK MARKET REVIEW: 7^TH MAY 2012

BSE Small-Cap index was up by 0.30% while the BSE Mid-Cap index finished 0.52% up.CNX MIDCAP 50 index was up 0.34% and S&P CNX 500 was up around 0.59%. The SENSEX closed 81 points up at 16,912 and the NIFTY stood at 5114, up by 27 points.

BSE SENSEX and NIFTY tanked down on the initial hours of trading but took U turn later as finance minister Mr. PRANAB MUKHARJEE said General Anti Avoidance Rules ( GAAR ) to be postponed by one year. The losses were shed by inflow of foreign money and short covering in the markets. The gains were further added as Rupee bounced back took a recovery of 1 percent ended at 52.88 against the DOLLAR. BHEL, BPCL and LT led the market while gains were capped by CAIRN INDIA, JP ASSOCIATE and HCL TECHNOLOGY.

Nifty Gainers

Today’s nifty top gainer were

BHEL changed 5.75% with 96, 89,950 volumes

BPCL changed 5.00% with 10, 41,566 volumes

LT changed 4.61% with 32, 17,151 volumes

Nifty Losers

Today’s nifty top losers were

CAIRNINDIA with volume 33, 14,162 and changed -2.39%

JPASSOCIAT with volume 2, 16, 01,549 and changed -2.25%

HCLTECH with volume 4, 16,391 and changed -2.17%

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