STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 12TH JULY 2012

NIFTY OUTLOOK FOR  12TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5290
SUPPORT 2	5270
RESISTANCE 1	5325
RESISTANCE 2	5350

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10675
SUPPORT 2	10640
RESISTANCE 1	10770
RESISTANCE 2	10820

EXPERT VIEW

Infosys, TCS see the results on the market

According to Udayan Mukherjee today the eye of the market Infosys with the quarterly results of TCS. Today the same IIP data of may also come very important for the market.According to Udayan Mukherjee the global signal from the last few days are showing weakness. Today in Indian markets in such instability can be seen.

11TH JULY PERFORMANCE:

APPAPER 3TG, ONELIFE CAPITAL 3TG,

POS ZYDUS 3TG, FINANTECH FUT 3TG,

BOMDYEING FUT 2TG,UBHOLDINGS 2TG,

INFOTECH ENTERPRISES 1TG, WOCKHARDT 1TG,

WIPRO FUT 1TG, DIVISLAB FUT 1TG,

& STBT ZEEL FUT TG ACHIEVED

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STOCK MARKET REVIEW: 11TH JULY 2012

STOCK MARKET CALLS

BSE Small-Cap index was down 0.24% while the BSE Mid-Cap index finished 0.12% down.CNX MIDCAP 50 index was down 0.32% and S&P CNX 500 was down around 0.60%. The SENSEX closed 129 points down at 17,489 and the NIFTY stood at 5,306 down by 40 points.

BSE SENSEX and NIFTY traded in a range bound session on WEDNESDAY and ended in red erased more than half of yesterday’s gains as investors remained on edge and booked profits. Due to weak global cues investors remained cautious and avoided fresh positions in the market. Country’s largest software services exporter TCS and IT giant INFOSYS surged almost 1 percent in the morning traded but erased the gains later ahead of 1^st Quarter earnings result and ended almost flat. However banking stocks supported the market today as Kotak Bank and Bank of Baroda jumped 1.31 percent and 0.54 percent respectively while Reliance infrastructure and Auto major Tata Motors traded under pressure.

Nifty Gainers

Today’s nifty top gainer were:

LT changed 1.32% with 16, 71,311 volumes

KOTAKBANK changed 1.31% with 10, 01,497 volumes

BPCL changed 0.92% with 7, 79,549 volumes

Nifty Losers

Today’s nifty top losers were:

HINDALCO with volume 60, 43,053 and changed -3.25%

RELINFRA with volume 17, 99,312 and changed -2.64%

TATAMOTORS with volume 86, 99,925 and changed -2.23%

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