STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 18TH JULY 2012

 NIFTY OUTLOOK FOR  18TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5165
SUPPORT 2	5145
RESISTANCE 1	5220
RESISTANCE 2	5255

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10495
SUPPORT 2	10430
RESISTANCE 1	10650
RESISTANCE 2	10740

EXPERT VIEW
Slowdown in the market will remain intact: Udayan Mukherjee
According to Udayan Mukherjee  Tuesday's trading session as the market closed flat. While still in a state of the markets is not expected to change.Udayan Mukherjee said Tuesday, the U.S. market closed with green after opening weak. However, little effect on the Asian markets are not getting to see. In view of the quarterly earnings for the Indian market today is very important.

17th JULY PERFORMANCE:

HERCULES HOIST 3TG, BAJAJ AUTO FUT 3TG,

NIFTY PUT 3TG, TCS PUT 2TG,

SPECIALITY RESTAURANT 2TG,

CADILA 1TG, ATUL 1TG,

DRREDDY FUT 1TG, BANKNIFTY FUT 1TG,

BAJAJ AUTO PUT 1TG, STBT INFOSYS FUT &

TCS FUT TG ACHIEVED  AND

BAJAJ FINSERVE EXIT AT SL

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STOCK MARKET REVIEW: 17TH JULY 2012

BSE Small-Cap index was down 0.86% while the BSE Mid-Cap index finished 0.82% down.CNX MIDCAP 50 index was down 0.76% and S&P CNX 500 was down around 0.28%. The SENSEX closed 2 points up at 17,105 and the NIFTY stood at 5,192 down by 4 points.

BSE SENSEX and NIFTY traded negative for the fifth consecutive session on TUESDAY and ended almost flat as investors booked profits. Markets started the session with gap up opening of more than 100 points over the positive European cues but could not hold and slipped later led by the TATA group shares. Index heavy weight Reliance Industries also slipped after company reported continuous fall in gas output at its KG-D6 basin and may stop by 2015if fresh capex is not announced. However Tata Group shares topped the selling list as TCS tanked 2 percent, Tata Motors 1.5 percent and Tata Steel 0.7 percent well supported by two wheeler major Bajaj-Auto, 2.45 percent down on the session. Downside was well weighted by Capital goods, Steels, Auto and Oil & Gas stocks while Drreddy, Sunpharma and FMCG major ITC capped the falls.

Nifty Gainers

Today’s nifty top gainer were:

WIPRO changed 2.04% with 15, 21,834 volumes

DRREDDY changed 1.78% with 3, 84,352 volumes

ITC changed 1.49% with 31, 34,473 volumes

Nifty Losers

Today’s nifty top losers were:

RELINFRA with volume 19, 82,455 and changed -3.49%

BPCL with volume 15, 60,275 and changed -3.10%

BAJAJ-AUTO with volume 11, 11,450 and changed -2.72%

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