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

NIFTY OUTLOOK FOR  9TH  MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4950
SUPPORT 2	4900
RESISTANCE 1	5085
RESISTANCE 2	5170

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	9435
SUPPORT 2	9280
RESISTANCE 1	9835
RESISTANCE 2	10080

EXPERT VIEW

The expected sharp fall in Nifty: Udayan Mukherjee

CNBC - Managing Editor, Udayan Mukherjee TV -18 in the NIFT on Tuesday was a huge blow. 18 years after the first of January, the Nifty closed below 5,000 level. So it is difficult to say that Google will be able to maintain the 4900-5000 level of support. Nifty likely to be below the 4900-5000 levels can not be ruled out.

According to Udayan Mukherjee, Brent crude to fall in the market can not be more encouraging. After the initial fall in Brent crude was down from $ 113. The European markets as there are negative signs.

STOCK MARKET REVIEW: 8TH MAY 2012

BSE Small-Cap index was up down 0.87% while the BSE Mid-Cap index finished 1.28% down.CNX MIDCAP 50 index was down 1.48% and S&P CNX 500 was down around 2.02%. The SENSEX closed 366 points down at 16,546 and the NIFTY stood at 5000, down by 114 points.

BSE SENSEX and NIFTY took a heavy fall on TUESDAY shed 415 points from day’s high closed with the loss of 2.17 percent and 2.23 percent approximately. NIFTY closed below the important level of 5000 lowest since JANUARY 18. Depreciating Rupee took a heavy fall over the index tanked down by 29.75 paise against the DOLLAR. Heavy selling had been seen in Banking, Auto, Metals and Technology stocks. TCS, RELINFRA and JPASSOCIAT added the fall while GAIL, COALINDIA and HINDALCO capped the losses. Index heavy weight TCS fell by 6 percent on the session. Weak European markets also added the fuel to the fire.

Nifty Gainers

Today’s nifty top gainer were

GAIL changed 1.91% with 21, 02,572 volumes

COALINDIA changed 1.52% with 31, 12,575 volumes

HINDALCO changed 1.38% with 1, 58, 45,527 volumes

Nifty Losers

Today’s nifty top losers were

JPASSOCIAT with volume 2, 52, 62,332 and changed -8.77%

RELINFRA with volume 19, 77,621 and changed -5.94%

TCS with volume 48, 15,789 and changed -5.75% 

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