STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 19th JUNE 2012

NIFTY OUTLOOK FOR  ^19th JUNE  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5010
SUPPORT 2	4950
RESISTANCE 1	5155
RESISTANCE 2	5250

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9565
SUPPORT 2	9375
RESISTANCE 1	10065
RESISTANCE 2	10385

EXPERT VIEW

The market will start straight

Udayan Mukherjee says that, on Monday, according to central bank policy to disappoint the markets, the decline in the market. The rating agency Fitch has lowered the outlook of India. The flattening of the Indian markets are likely to be introduced.

Udayan Mukherjee says that the market can be traded in a narrow range. Traders in the market will have to wait for an edge, where the selling opportunity. From current levels because the market is down.

STOCK MARKET REVIEW: 18^TH JUN 2012

BSE Small-Cap index was down 0.70% while the BSE Mid-Cap index finished 1.06% down.CNX MIDCAP 50 index was down 1.61% and S&P CNX 500 was down around 1.27%. The SENSEX closed 244 points down at 16,705 and the NIFTY stood at 5,064 down by 75 points.

BSE SENSEX and NIFTY traded in a volatile session on MONDAY and tanked down later as investors faced two important results one from Greek election and another from Reserve Bank of India’s monetary policy. RBI declared the credit policy today and came with a rate cut of 25 basis points each in repo rate and cash reserve ratio left the interest rates unchanged while on the other hand Greek elections won by pro bailout democracy party faded the hopes of change in Euro break-up. RBI decision created the pressure over the banks caused the banking sector crashed more than 3 percent led by India’s largest lender State Bank of India tanked more than 4 percent on the session.

  

Nifty Gainers

Today’s nifty top gainer were

POWERGRID changed 1.23% with 17, 02,691 volumes

TATASTEEL changed 1.19% with 54, 15,812 volumes

BAJAJ-AUTO changed 1.14% with 3, 27,747 volumes

Nifty Losers

Today’s nifty top losers were

DLF with volume 68, 34,603 and changed -4.72%

SBIN with volume 53, 58,396 and changed -4.40%

PNB with volume 8, 68,498 and changed -4.02%

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