STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 27TH JUNE 2012

NIFTY OUTLOOK FOR ^27TH  JUNE  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5100
SUPPORT 2	5075
RESISTANCE 1	5140
RESISTANCE 2	5155

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9910
SUPPORT 2	9840
RESISTANCE 1	10030
RESISTANCE 2	10090

EXPERT VIEW


Turnover will remain range-bound: Udayan Mukherjee

Udayan Mukherjee, says that with the domestic markets to international markets range-bound trading environment has become.According to Udayan Mukherjee, the domestic market have been completely overpowered by the narrow range, which is seen in Tuesday's trading. So today's trading session is limited to show up in Jumta.

STOCK MARKET REVIEW: 26TH JUN 2012

BSE Small-Cap index was up 0.02% while the BSE Mid-Cap index finished 0.36% up.CNX MIDCAP 50 index was up 0.59% and S&P CNX 500 was up around 0.21%.The SENSEX closed 24 points up at 16,906 and the NIFTY stood at 5,120 up by 6 points.

BSE SENSEX and NIFTY traded in a tight range bound session on TUESDAY as investors remained on the edge and digested the measures taken by Reserve Bank of India to curb the depreciating rupee. Weak global cues also fuelled the rally. Markets still expect that government may go for further measures to boost up the slower pace in economy growth. Investors have a close eye over the European Union summit scheduled on 28-29 JUNE to discuss over the ongoing major issue of Euro Zone crises. However OIL & GAS producers topped the buying list on today’s session as Reliance and ONGC gained 1-1.5 percent while FMCG, METAL and TECHNOLOGY stocks traded under pressure.

Nifty Gainers

Today’s nifty top gainer were:

GAIL changed 3.32% with 13, 68,325 volumes

GRASIM changed 3.06% with 61,165 volumes

TATAPOWER changed 2.07% with 22, 16,862 volumes

Nifty Losers

Today’s nifty top losers were:

SAIL with volume 38, 06,929 and changed -1.89%

HINDUNILVR with volume 23, 91,622 and changed -1.88%

SESAGOA with volume 13, 91,045 and changed -1.12%

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