STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 18th JUNE 2012

NIFTY OUTLOOK FOR  ^18th JUNE  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5085
SUPPORT 2	5040
RESISTANCE 1	5165
RESISTANCE 2	5195

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9910
SUPPORT 2	9790
RESISTANCE 1	10130
RESISTANCE 2	10225

EXPERT VIEW

If rates will decrease then Nifty will go upto 5300: Mohit Gaba

According to Technical analysts Mohit Gaba today market eye is on the RBI's credit policy.

The traders who made the long positions, they must now be made with the same position. Although technically the market is strong.

15th JUNE PERFORMANCE:

GRASIM FUT 3TG , TECHM FUT 2TG,

JSWSTEEL FUT 1TG, SESAGOA PUT 1TG,

MASTEK 1TG, HERCULES 1TG,

 JUBILANT FOOD SL HIT,

NIFTY JUNE CALL COST EXIT,

JUBILANT FUT COST EXIT,

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STOCK MARKET REVIEW: 15^TH JUN 2012

BSE Small-Cap index was up 0.47% while the BSE Mid-Cap index finished 0.50% up.CNX MIDCAP 50 index was up 1.06% and S&P CNX 500 was up around 0.81%. The SENSEX closed 272 points up at 16,950 and the NIFTY stood at 5,134 up by 80 points.

BSE SENSEX and NIFTY traded higher on FRIDAY surged 290 points and 70 points respectively from intraday low as investors participated and took fresh long positions in the market. Investors are quite optimistic over the Greek elections scheduled on 17 JUN and Reserve Bank of India’s monetary policy to be announced on MONDAY expecting a rate cut of 25 basis points in repo rate and 25 basis points in CRR (cash reserve ratio). Inflation data for MAY already announced yesterday which was higher 7.55 percent against the previous month’s 7.23 percent would create a pressure over RBI to go for a rate cut of 50 basis points. However index major Tata Motor, ACC and Grasim Industries topped the buying list while Sesagoa, Bajaj-Auto and Sterlite Industries limited the gains.

Nifty Gainers

Today’s nifty top gainer were:

GRASIM changed 5.75 % with 81,539 volumes

TATAMOTOR changed 5.65% with 1, 63, 90,029 volumes

AMBUJACEM changed 4.10% with 46, 89,165 volumes

Nifty Losers

Today’s nifty top losers were:

STER with volume 1, 52, 38,243 and changed -1.96%

SESAGOA with volume 18, 83,522 and changed -1.33%

BAJAJ-AUTO with volume 16, 47,942 and changed -0.77%

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