STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 25TH MAY 2012

NIFTY OUTLOOK FOR  25th MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4860
SUPPORT 2	4790
RESISTANCE 1	4960
RESISTANCE 2	4995

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	9270
SUPPORT 2	9100
RESISTANCE 1	9530
RESISTANCE 2	9630

EXPERT VIEW

Nifty 4800 levels will remain: Udayan Mukherjee

CNBC TV -18 Managing Editor, Udayan Mukherjee says that Nifty may appear 4,900 within the business. Nifty May 4800 is expected to level the series will continue.

According to Udayan Mukherjee, global markets are flat. The fuel also is not expected to have any positive news in the short term. Although Google will be able to make slight gains.

STOCK MARKET REVIEW: 24TH MAY 2012

STOCK MARKET CALLS

BSE Small-Cap index was up 0.75% while the BSE Mid-Cap index finished 0.76% up.CNX MIDCAP 50 index was up 0.76% and S&P CNX 500 was up around 1.46%. The SENSEX closed 274 points up at 16,222 and the NIFTY stood at 4921, up by 85 points.

BSE SENSEX and NIFTY traded higher recovered approximately 2 percent each in second half trading session as index heavy weight ONGC shoot up by 6 percent over the price hikes in Petrol. Indian rupee also recovered by 51 paise from its record low of 56.38 against the DOLLAR. Rebound in European markets and hopes over the price hike in Diesel fuelled the rally. Upside was led by Oil & Gas, Telecom, Banking and Financial stocks while gains were capped by index major Maruti, Cairns and Heromotocorp.

  

Nifty Gainers

Today’s nifty top gainer were

ONGC changed 6.08% with 53, 30,076 volumes

BHARTIARTL changed 5.32% with 37, 86,821 volumes

BANKBARODA changed 691.40% with 9, 26,084 volumes

Nifty Losers

Today’s nifty top losers were

JPASSOCIAT with volume 2, 49, 75,741 and changed -1.08%

CAIRNS with volume 32, 78,604 and changed -0.95%

MARUTI with volume 9, 55,704and changed -0.70%

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