STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 4TH JULY 2012

NIFTY OUTLOOK FOR  4TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5260
SUPPORT 2	5240
RESISTANCE 1	5310
RESISTANCE 2	5340

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10430
SUPPORT 2	10380
RESISTANCE 1	10525
RESISTANCE 2	10585

3RD JULY PERFORMANCE:

DLF FUT 3TGJET AIRWAYS FUT 3TG,

IDEA FUT 3TG,ECLERX 3TG,

DLF FUT 2ND CALL 2TG, TATA MOTORS FUT 1TG,

TTK PRESTIG FUT 1TG, NIFTY FUT 1TG,

DLF CALL 1TG, GULFOILCOR 1TG,

GLENMARK PHARMA 1TG, ECLERX 2ND CALL 1TG,

HITACHIHOME 1TG,BTST PANTALOONR FUT,

JUBLFOOD FUT & IRB FUT TG ACHIEVED

AND L&T FUT EXIT AT COST

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STOCK MARKET REVIEW: 3RD JULY 2012

BSE Small-Cap index was up 0.80% while the BSE Mid-Cap index finished 0.48% up.CNX MIDCAP 50 index was up 0.58% and S&P CNX 500 was up around 0.38%. The SENSEX closed 26 points up at 17,425 and the NIFTY stood at 5,287 up by 9 points.

 BSE SENSEX and NIFTY traded in range bound session for the second consecutive day as markets are waiting for a fresh trigger to get a certain direction. Investors are expecting for some positive policy changes to boost up the slower pace in economy growth from new finance minister. Though global markets traded slightly higher over the hopes, European Central bank may cut rates by 25 basis points in a meeting scheduled on 5^th JULY. Indian rupee took a sharp recovery and appreciated by 63 paise to 54.80 against the U.S. Dollar. However PNB, HDFC and telecom giant Bharti Airtel topped the buying list while top software exporter TCS, metal’s major Jindal steel traded under pressure.

Nifty Gainers

Today’s nifty top gainer were:

DLF changed 4.20% with 91, 99,931 volumes

BHARTIARTL changed 2.90% with 62, 63,443 volumes

HINDALCO changed 2.15% with 79, 11,213 volumes

Nifty Losers

Today’s nifty top losers were:

BHEL with volume 31, 04,124 and changed -1.79%

JINDALSTEEL with volume 33, 26,675 and changed -1.55%

TCS with volume 11, 13,591 and changed -1.50%

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