NIFTY OUTLOOK FOR 5TH JUNE 2012
NIFTY SPOT LEVEL TREND – BEARISH
Today's trading is expected between the broad levels of 4740-4915. If the market breaches the level of 4885 on the upper side then the next resistance level will be 4915. But if nifty breaches the support level of 4800 then it may go down till the level of 4740.
SUPPORT 1 | 4800 |
SUPPORT 2 | 4740 |
RESISTANCE 1 | 4885 |
RESISTANCE 2 | 4915 |
BANK NIFTY FUTURES TREND- BEARISH
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9010-9600. Bank nifty futures can go down till the level of 9010 once it breaks the level of 9200. On the opposite side once breaking the level of 9500, it is expected to go upward till the level of 9600. Bank nifty will be trading between the narrow ranges of 9200-9500.
SUPPORT 1 | 9200 |
SUPPORT 2 | 9010 |
RESISTANCE 1 | 9500 |
RESISTANCE 2 | 9600 |
STOCK CASH CALLS
BUY TATA MOTORS 220 JUNE PUT AROUND 9.70 TG 10.7,11.85,13.5 SL 7.95
UPDATE:TATA MOTORS 220 JUNE PUT MADE NEW HIGH 10.55 NEAR 1ST TG BOOK PARTIAL PROFIT
TATA MOTORS 220 JUNE PUT REMAINING POSITION HOLD FOR TOMORROW
STOCK FUTURES CALLS
MPHASIS FUTURES 1ST TG 322 ACHIEVED,BOOK PARTIAL PROFIT 2ND TG IS 317
UPDATE:MPHASIS FUTURES SENSATIONAL PROFIT 3RD TG 320 ACHIEVED,BOOK FULL PROFIT
SELL TITAN INDUSTRIES FUTURES BELOW 205 TG 203.75, 202.5, 200.5 SL 207.5
SELL REC FUTURES AROUND 160.7 AND HOLD UNTIL NEXT UPDATE
SELL INDRPRASTHA GAS FUTURES BELOW 228 AND HOLD FOR TOMORROW
BUY NIFTY 4900 JUNE PUT AROUND 156 TG 163,172,185 SL 139.85
EXPERT VIEW
In the medium term Nifty will breaks to 3800: Jai Bala
Declining trend that seems to dominate the market. Rupee weakness and sluggish economic policies of the government has been battered by the market. No good news anywhere for the market is not coming out. That's why experts are now talking about the breakdown of the market continuously.
Chief Market technicians of Kasdkeos, Jai Bala say that the market ended tomorrow I can take the Nifty beyond 5000.But the market will continue falling in the medium term. By October, the market can continue to improve or decline. Nifty may soon be up to 4,530 levels. In the medium term NIFTY may fall to 3800.
STOCK MARKET REVIEW: 4TH JUNE 2012
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| STOCK MARKET CALLS |
BSE Small-Cap index was down 0.12% while the BSE Mid-Cap index finished 0.13% down.CNX MIDCAP 50 index was down 0.23% and S&P CNX 500 was down around 0.03%. The SENSEX closed 43 points down at 16,008 and the NIFTY stood at 4848, down by 6 points.
BSE SENSEX and NIFTY traded in a volatile session on the very first day, recovered later in second half after a top official from weather department reported India’s monsoon rains may hit southern KERLA coast in two days, took SENSEX to close above 16,000 levels. However Reserve Bank of India’s deputy Governor Subir Gokaran said RBI has some possibilities to reduce policy rates also fuelled the fire to get recovered as banking stocks boosted. Bank Nifty took a smart recovery closed 3 percent up from its intraday low. JPASSOCIAT, L&T, and BANK OF BARODA led the rally while TATAPOWER, GAIL and JINDALSTEEL limited the gains.
Nifty Gainers
Today’s nifty top gainer were
JPASSOCIAT changed 5.59% with 1, 90, 45,604 volumes
SIEMENS changed 4.60% with 1, 28,413 volumes
BANKBARODA changed 3.77% with 7, 68,662 volumes
Nifty Losers
Today’s nifty top losers were
GAIL with volume 14, 86,582 and changed -3.07%
JINDALSTEL with volume 25, 67,601 and changed -2.92%
TATAPOWER with volume 24, 93,363 and changed -2.85%
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Crude Oil April and Brent Oil May series have declined over 0.5 percent each at $ 53 and $ 55.63 a barrel, respectively.
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