STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 17TH JULY 2012

NIFTY OUTLOOK FOR  17TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5175
SUPPORT 2	5150
RESISTANCE 1	5230
RESISTANCE 2	5270

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10520
SUPPORT 2	10465
RESISTANCE 1	10660
RESISTANCE 2	10750

16^TH JULY PERFORMANCE:

SUNDARAM FINANCE 3TG, JSWSTEEL FUT 3TG,

SUNDARAM FINANCE 2ND CALL 3TG,

TATAMOTORS PUT 3TG,

SUNDARAM FIANANCE 3RD CALL 3TG,

DIVISLAB FUT 2TG,

L&T FUT 2TG, UNITED SPIRITS FUT 2TG,

ATUL 2TG, POS ATUL 2TG,

NIFTY FUT 2TG, TVS PUT 2TG,

TATAMOTORS FUT 1TG,

POS JINDAL STEEL FUT 1TG,

BANKNIFTY FUT 1TG, INFOSYS PUT 1TG,

STBT INFOSYS FUT, JSW STEEL FUT,

& TCS FUT TG ACHIEVED

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STOCK MARKET REVIEW: 16TH JULY 2012

BSE Small-Cap index was down 0.61% while the BSE Mid-Cap index finished 0.62% down.CNX MIDCAP 50 index was down 0.66% and S&P CNX 500 was down around 0.57%. The SENSEX closed 110 points down at 17,103 and the NIFTY stood at 5,194 down by 33 points.

BSE SENSEX and NIFTY traded in a tight range bound session on MONDAY and extended the falls in later trading hour ahead of FRIDAY and took the NIFTY to slip below the important 5200 level over the weak monsoon worries. According to the weather department monsoon may miss the forecast in JULY and may be insufficient in September although inflation eased in June and data out at 7.25 percent against expected 7.62 percent and previous month’s 7.55 percent. Indian rupee appreciated by 30 paise in early trading hours, declined 4 paise to 55.18 against the U.S. DOLLAR. However Metals and Technology stocks took the heavy fall over the index and metal index and IT index tanked more than 2 percent each while Pharma and Banking stocks capped the downside.

Nifty Gainers

Today’s nifty top gainer were:

BHARTIARTL changed 3.80% with 58, 04,296 volumes

MARUTI changed 1.73% with 5, 99,621 volumes

DRREDDY changed 1.72% with 3, 11,343 volumes

Nifty Losers

Today’s nifty top losers were:

TATASTEEL with volume 40, 09,844 and changed -4.26%

TCS with volume 18, 10,070 and changed -3.69%

TATAMOTORS with volume 86, 47,941 and changed -3.03%