STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 10TH JULY 2012

NIFTY OUTLOOK FOR  10TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5250
SUPPORT 2	5230
RESISTANCE 1	5295
RESISTANCE 2	5320

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10540
SUPPORT 2	10475
RESISTANCE 1	10650
RESISTANCE 2	10700

TODAY’S PERFORMANCE:

JINDALSTEEL FUT 3TG, DEWANHOUS 3TG,

WOCKHARDT 2TG, BF UTILITIES FUT 2TG,

BANKNIFTY FUT 1TG, NIFTY PUT 1TG,

WALCHAND 1TG, DEWANHOUS 2ND CALL 1TG,

POS ZYDUS 1TG, POS V-GUARD 1TG,

BTST YES BANK FUT TG ACHIEVED,

& ORCHIDCHEM FUT EXIT AT COST

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STOCK MARKET REVIEW: 9TH JULY 2012

BSE Small-Cap index was down 1.13% while the BSE Mid-Cap index finished 1.30% down.CNX MIDCAP 50 index was down 1.47% and S&P CNX 500 was down around 0.95%. The SENSEX closed 148 points down at 17,372 and the NIFTY stood at 5,275 down by 42 points.

BSE SENSEX and NIFTY traded lower on MONDAY as investors booked profits over the weaker global cues. Slower pace in global economy growth and sluggish U.S. job data along with poor inflation report from CHINA weighted over the sentiments as hit a 29 months low. Investors looked cautious over 5350-5400 level for NIFTY, expect difficult to breach unless a strong dose of positive news. Depreciating Indian rupee also added the fuel to the fire as tanked by 44 paise against the DOLLAR at 55.84 hitting an intraday low of 56.06. However TCS, DLF and DRREDDY tried to support the market on today’s session while Reliance Infra, Jindal Steel, and Ranbaxy Laboratories dragged the markets down.

Nifty Gainers

Today’s nifty top gainer were:

TCS changed 1.09% with 9, 56,383 volumes

DLF changed 1.09% with 71, 78,135 volumes

DRREDDY changed 0.29% with 2, 01,391 volumes

Nifty Losers

Today’s nifty top losers were:

RELINFRA with volume 16, 81,882 and changed -3.56%

JINDALSTEEL with volume 15, 51,401 and changed -3.12%

JPASSOCIAT with volume 1, 19, 09,150 and changed -2.98%

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