STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 3RD JULY 2012

NIFTY OUTLOOK FOR  3RD JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5260
SUPPORT 2	5240
RESISTANCE 1	5300
RESISTANCE 2	5320

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10330
SUPPORT 2	10240
RESISTANCE 1	10475
RESISTANCE 2	10535

2^ND JULY PERFORMANCE:

JUBLFOOD FUT 3TG, ADANIENT FUT 3TG,

PANTALOONR FUT 3TG, TECHMAHINDRA FUT 3TG,

BANKNIFTY FUT 3TG, PANTALOON CALL 3TG,

MINDTREE 3TG,  ACC FUT 2TG,

MARUTI FUT 1TG, IRB FUT 1TG,

TECHMAHINDRA FUT 2ND CALL 1TG,

NIFTY FUT 1TG, NIFTY CALL 1TG,

HERCULES 1TG, ONELIFE CAPITAL 1TG,

BTST JINDALSTEEL & PANTALOON FUT TG ACHIEVED

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STOCK MARKET REVIEW: 2ND JULY 2012

BSE Small-Cap index was up 1.09% while the BSE Mid-Cap index finished 0.90% up.CNX MIDCAP 50 index was up 0.97% and S&P CNX 500 was up around 0.25%.

The SENSEX closed 39 points down at 17,398 and the NIFTY stood at 5,278 down by 1 points.

BSE SENSEX and NIFTY traded in a tight range bound session on MONDAY and ended flat after touching an intraday high 5302. Markets are looking for a fresh trigger to extend the rally as it surged almost 2 percent on FRIDAY after European Union leaders agreed to bring the borrowing cost down with in immediate action and Indian government issued the GAAR guidelines. However positive opening of European markets helped NIFTY to touch 5300 level for intraday. The pressure was created by Cigarette major ITC, Steel major JINDAL STEEL and Auto giant TATAMOTORS as tanked more than 2 percent each while index heavy weight State Bank of India, HDFC Bank, TCS and Bharti Airtel climbed 1-2 percent on the session.

Nifty Gainers

Today’s nifty top gainer were:

ACC changed 3.98% with 6, 52,701 volumes

DLF changed 3.02% with 61, 01,516 volumes

GRASIM changed 2.16% with 83,398 volumes

Nifty Losers

Today’s nifty top losers were:

ITC with volume 98, 28,658 and changed -4.21%

JINDALSTEEL with volume 25, 61,563 and changed -3.41%

HEROMOTO with volume 3, 27,541 and changed -1.93%

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