STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 13TH JULY 2012

NIFTY OUTLOOK FOR  13TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5210
SUPPORT 2	5190
RESISTANCE 1	5255
RESISTANCE 2	5280

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10550
SUPPORT 2	10490
RESISTANCE 1	10665
RESISTANCE 2	10730

EXPERT VIEW

Expecting speed in market because of TCS results: Udayan Mukherjee

According to CNBC TV -18 Managing Editor, Udayan Mukherjee TCS 's quarterly results better than staying in the market today can be gained.

According to the Udayan Mukherjee maintain slowed down in global markets. In a market today on Thursday in the beginning of recovery of decline is not possible.

12TH JULY PERFORMANCE:

CMC LTD 3TG, UNITED SPIRIT FUT 3TG,

HEXAWARE FUT 3TG, UNITED SPIRIT FUT 2ND CALL 3TG,

CMC LTD 2ND CALL 3TG, NITINFIRE 2TG,

GOENKA DIAMOND 1TG, POS UNITED BREWERIES 1TG,

RELCAPITAL FUT 1TG, BAJAJ AUTO FUT 1TG,

TCS PUT 1TG,POS GESHIP 1TG,

& L&T FUT SL TRIGGERED

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STOCK MARKET REVIEW: 12THJULY 2012

BSE Small-Cap index was down 0.66% while the BSE Mid-Cap index finished 0.59% down.CNX MIDCAP 50 index was down 0.29% and S&P CNX 500 was down around 1.09%. The SENSEX closed 256 points down at 17,232 and the NIFTY stood at 5,235 down by 70 points.

BSE SENSEX and NIFTY tanked on the session ahead of poor quarterly earnings by INFOSYS. Index heavy weight Infosys fell almost 8 percent to 2260 as company’s net profit down quarter-on-quarter to Rs. 2289 crore against the analysts expectations of 2448 crore, took the SENSEX to hit a low of 309 points intraday. Weak global cues and rumors unlikely of rate cut by Reserve Bank of India added the fuel to the fire. Another IT giant TCS is to also announce 1^st quarter earnings results post market hours. As TCS outperformed over the last few quarter analysts are expecting to repeat the same and hope to grow the net profit after tax up to 11 percent quarter-on-quarter to Rs. 3250 crore  while revenue is seen up by 12 percent to Rs. 14,806 crore.

Nifty Gainers

Today’s nifty top gainer were:

LT changed 2.42% with 2, 04, 49,765 volumes

KOTAKBANK changed 1.46% with 36, 28,153 volumes

BPCL changed 1.41% with 2, 80,626 volumes

Nifty Losers

Today’s nifty top losers were:

HINDALCO with volume 67, 83,983 and changed -8.54%

RELINFRA with volume 47, 60,861 and changed -4.07%

TATAMOTORS with volume 34, 71,650 and changed -2.99%

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