STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 16TH MAY 2012

NIFTY OUTLOOK FOR  16TH  MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4890
SUPPORT 2	4835
RESISTANCE 1	4975
RESISTANCE 2	5010

BANK NIFTY FUTURES :

TREND- BEARISH

SUPPORT 1	9200
SUPPORT 2	9090
RESISTANCE 1	9400
RESISTANCE 2	9470

EXPERT VIEW

Nifty will be below 4900 

Cnbc-TV 18 managing editor of Udayan Mukherjee said that in today's business session from the level of automated 4,900 below can slip, there is the strength of last 2 trading sessions after automated again in level of 4,800 can be seen.

According to Udayan Mukherjee, negative global cues remain, with the decline in U.S. markets closed on Tuesday.Asian markets remained under pressure conditions, the Hang Sang is down nearly 500 points. The strength of domestic markets can not be expected.

YESTERDAY’S  PERFORMANCE:

ORCHIDCHEM FUT 2TG,

GEOMETRIC 2TG,

YESBANK FUT 1TG,

MARUTI FUT 1TG,

BAJAJELECTRICAL 1TG,

CCLPRODUCT 1TG,

AANJANEYA 1TG,&

STBT JSWSTEEL FUT TG ACHIEVED

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STOCK MARKET REVIEW: 15TH MAY 2012

STOCK MARKET CALLS

BSE Small-Cap index was up 0.33% while the BSE Mid-Cap index finished 0.63% up.CNX MIDCAP 50 index was up 0.57% and S&P CNX 500 was up around 0.67%. The SENSEX closed 112 points up at 16,328 and the NIFTY stood at 4942, up by 2835 points.

BSE SENSEX and NIFTY ended in green after making loss in five consecutive sessions. The bear rally came to a pause as European markets and rupee stabilized. Rupee recovered sharply after hitting an intraday high of 54.15 initially, ended at 53.73 against the DOLLAR appreciated by 23 paise. SENSEX shed its losses by 0.69 percent on today’s session after losing 700 points in previous 5 sessions or 4 percent. Banking and IT stocks led the up moves as ICICIBANK, SBIN and L&T, INFOSYS ended in gains while MARUTI and ITC CIGARETTES dragged the market down.

Nifty Gainers

Today’s nifty top gainer were

SESAGOA changed 5.19% with 39, 09,422 volumes

LT changed 5.18% with 49, 94,160 volumes

CAIRNS changed 3.94% with 24, 79,163 volumes

Nifty Losers

Today’s nifty top losers were

NTPC with volume 25, 72,922 and changed -3.02%

MARUTI with volume 5, 67,302 and changed -2.89%

IDFC with volume 1, 20, 52,827 and changed -1.98%

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