STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 2ND JULY 2012

NIFTY OUTLOOK FOR  2ND JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5215
SUPPORT 2	5150
RESISTANCE 1	5310
RESISTANCE 2	5350

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10175
SUPPORT 2	10010
RESISTANCE 1	10430
RESISTANCE 2	10530

STOCK MARKET REVIEW: 29TH JUN 2012

BSE Small-Cap index was up 1.31% while the BSE Mid-Cap index finished 1.62% up.CNX MIDCAP 50 index was up 2.15% and S&P CNX 500 was up around 2.35%. The SENSEX closed 440 points up at 17,429 and the NIFTY stood at 5,278 up by 130 points.

BSE SENSEX and NIFTY railed 2.5 percent each on FRIDAY over the global markets rally. Indian equities ended at highest level in 2012 with biggest gains as European Leaders concluded and agreed to take an emergency action to solve the ITALY and SPAIN’S borrowing costs on the first day’s meeting. Markets also fuelled with the hopes to get some positive decisions as India got its new finance minister as Man Mohan Singh took the charge. Rupee appreciated by 82 paise at 55.97 at the closing time of Indian markets. However Banking, Metal, FMCG, Pharma and Engineering sector out performed today while only Cairns India, BPCL and Coal India traded under pressure.

Nifty Gainers

Today’s nifty top gainer were:

JINDALSTEEL changed 8.49% with 60, 20,991 volumes

TATAPOWER changed 6.12% with 81, 96,084 volumes

STER changed 5.33% with 66, 02,623 volumes

Nifty Losers

Today’s nifty top losers were:

CAIRNS with volume 6, 57, 64,501 and changed -6.14%

BPCL with volume 6, 49,301 and changed -1.22%

COALINDIA with volume 21, 97,837 and changed -0.24%

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