NIFTY OUTLOOK FOR 8th JUNE 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1 | 4910 |
SUPPORT 2 | 4840 |
RESISTANCE 1 | 5040 |
RESISTANCE 2 | 5085 |
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1 | 9850 |
SUPPORT 2 | 9725 |
RESISTANCE 1 | 10040 |
RESISTANCE 2 | 10100 |
EXPERT VIEW
The opportunity for long-term investment in the market
Tata AMC 's president and CEO Sanjay Sachdev believes that the fall is a good chance of buying in the market. So in terms of long-term investment in the Indian market seems to be the right opportunity. In this age of declining long-term investment for the future will be better. 400-500 points in the current fluctuation is expected. Keeping an eye on the trading market for investment advice.
7TH JUNE PERFORMANCE:
AANJANEYA 2TG, THERMAX 2TG,
VGUARD 1TG, HEXAWARE FUT URES 1TG,
JINDAL PHOTO 1TG,
LIBERTY SHOE 1TG,
NIFTY FUT COST EXIT,
BTST BANK OF BARODA FUT ON FIREE, JET FUT COST EXIT,
6TH JUNE COMMODITY PERFORMANCE:
SILVER BUY 3TG,
GOLD BUY 2TG,
PREMIUM SILVER 2TG,
STBT CRUDE CALL ON FIREE,
PREMIUM NICKEL 1TG,
NATURAL GAS SELL 1TG,
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STOCK MARKET REVIEW: 7TH JUN 2012
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| STOCK MARKET CALLS |
BSE Small-Cap index was up 0.46% while the BSE Mid-Cap index finished 0.72% up.CNX MIDCAP 50 index was up 0.98% and S&P CNX 500 was up around 0.85%. The SENSEX closed 184 points up at 16,650 and the NIFTY stood at 5049, up by 52 points.
BSE SENSEX and NIFTY traded positive on THURSDAY as it was a follow up rally driven over the hopes Reserve Bank of India may cut repo rate by 50 basis points instead of 25 basis points and the infrastructure targets set by Prime Minister Man Mohan Singh after the meeting. Appreciating rupee was the another factor which fuelled the fire further as gains 34 paise on the session to 55.02 against the DOLLAR. However the gains were led by Banking stocks along with Oil & Gas, Capital goods, Metal and Auto sector while Wipro, Gail and Power Grid Corporation traded under pressure.
Nifty Gainers
Today’s nifty top gainer were
JPASSOCIAT changed 3.63% with 1, 98, 38,186 volumes
AXISBANK changed 3.59% with 27, 98,444 volumes
ICICIBANK changed 3.54% with 45, 51,601 volumes
Nifty Losers
Today’s nifty top losers were
WIPRO with volume 11, 48,016 and changed -2.51%
POWERGRID with volume 23, 80,410 and changed -1.14%
AMBUJACEM with volume 10, 32,405 and changed -1.05%
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1 comments:
Crude Oil April and Brent Oil May series are marginally up at $ 52.68 and $ 55.14 a barrel, respectively.
MCX Crude Oil tips
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