STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 23RD MAY 2012

NIFTY OUTLOOK FOR  23rd  MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4820
SUPPORT 2	4780
RESISTANCE 1	4925
RESISTANCE 2	4995

BANK NIFTY FUTURES 

TREND- BEARISH

SUPPORT 1	9170
SUPPORT 2	9080
RESISTANCE 1	9440
RESISTANCE 2	9615

EXPERT VIEW

Not rise in the market: Udayan Mukherjee

According to Udayan MukherjeeTuesday's trading session the market was quite disappointing. The global signs remain negative. The Indian markets can not rise.

Udayan Mukherjee said Tuesday, the U.S. markets are closed with flat business, the business is on the decline in Asian markets, the negative sign for the domestic markets.Ludhkega the hope that money anymore.

STOCK MARKET REVIEW: 22ND MAY 2012

STOCK MARKET CALLS

BSE Small-Cap index was down 0.68% while the BSE Mid-Cap index finished 0.59% down.CNX MIDCAP 50 index was down 0.66% and S&P CNX 500 was down around 0.89%. The SENSEX closed 156 points down at 16,026 and the NIFTY stood at 4860, down by 45 points.

BSE SENSEX and NIFTY traded in a volatile session initially hours, tanked down later losing approximately 1 percent by each as Indian Rupee slipped to a new all time bottom of 55.35 down by 35 paise. Rupee has depreciated 24 percent since APRIL 2011 and 6 percent in previous one month. Although Global markets stayed positive even after FITCH downgraded JAPAN to A+ from AA. The falls were led by Banking, Auto and FMCG stocks as SBIN, ICICI BANK, MARUTI and ITC were the top losers while downside was limited by TCS, HCLTECH and TATAMOTORS.

Nifty Gainers

Today’s nifty top gainer were

TCS changed 2.46% with 11, 80,458 volumes

HCLTECH changed 2.20% with 3, 35,478 volumes

TATAMOTORS changed 1.55% with 85, 07,484 volumes

Nifty Losers

Today’s nifty top losers were

SESAGOA with volume 36, 53,294 and changed -5.38%

TATAPOWER with volume 49, 53,978 and changed -5.33%

MARUTI with volume 9, 50,870 and changed -5.04%

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