NIFTY OUTLOOK FOR 11TH MAY 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1 | 4930 |
SUPPORT 2 | 4900 |
RESISTANCE 1 | 5020 |
RESISTANCE 2 | 5075 |
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1 | 9320 |
SUPPORT 2 | 9230 |
RESISTANCE 1 | 9540 |
RESISTANCE 2 | 9670 |
EXPERT VIEW
Market continues to decline: Udayan Mukherjee
CNBC - Managing Editor, Udayan Mukherjee -18 TV on Thursday that the market has seen a disappointing session.Rs strongly in support of RBI since returning to the market went up but could not stop.
Udayan Mukherjee, the Indian money market for the last few trading sessions are not. Global markets are visible in the flat position. The market anticipates that the next few sessions will continue falling.
STOCK MARKET REVIEW: 10TH MAY 2012
BSE SENSEX and NIFTY traded in a volatile session on THURSDAY and ended almost flat ahead of four consecutive falls as markets driven by weaker global sentiments. Though markets opened in green with a good rebound over appreciation of the Rupee, but all gains erased in later hours of trading as weaker European markets in the afternoon added the losses. Falls were led by Auto, banking and metal stocks as Auto major MARUTI, HEROMOTO, and Banking major PNB and SBIN ended in red while downside was limited by OIL & GAS stocks as CAIRNINDIA and BPCL ended with 4% and 2.60% gains respectively.
Nifty Gainers
Today’s nifty top gainer were
CAIRN changed 3.87% with 32, 45,893 volumes
IDFC changed 2.78% with 1, 48, 59,618 volumes
BPCL changed 2.62% with 6, 63,060 volumes
Nifty Losers
Today’s nifty top losers were
MARUTI with volume 4, 15,223 and changed -3.54%
JINDALSTEEL with volume 18, 02,627 and changed -3.46%
RANBAXY with volume 15, 00,149 and changed -3.12%
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