STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 25TH JULY 2012

NIFTY OUTLOOK FOR 25TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5105
SUPPORT 2	5085
RESISTANCE 1	5145
RESISTANCE 2	5165

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10250
SUPPORT 2	10180
RESISTANCE 1	10360
RESISTANCE 2	10410

EXPERT VIEW

Concerns raised by the global situation worse: Udayan Mukherjee

According to Udayan Mukherjee, American companies are very disappointing quarterly results in U.S. markets.European investors also are concerned about the debt crisis. Conditions in the markets in Greece and Spain have created an atmosphere of desolation.Over the Indian markets can not be expected.

24th JULY EQUITY PERFORMANCE:

HUL FUT 3TG, TATA GLOBAL FUT 3TG,

HUL FUT 2ND CALL 3TG,GEOMETRIC LTD 3TG,

HUL CALL 3TG,WOCKHARDT LTD 3TG,

HUL 2ND OPT CALL 3TG, HUL 3RD OPT CALL 3TG,

POS WOCKHARDT 3TG,NIFTY PUT 2TG,

PANTALOON FUT 1TG,LIC FUT 1TG,

POS PANTALOON FUT 1TG,

BANKNIFTY FUT 1TG,LNT PUT 1TG,

KPIT 1TG, IPCA LAB 1TG,

JK LAKSHMI CEMENT 1TG,

BAJAJ CORP 1TG, POS GEOMETRIC 1TG,

POS WOCKHARDT 2ND CALL 1TG,

STBT PANTALOON FUT &

CROMPTON GREAVES FUT TG ACHIEVED

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STOCK MARKET REVIEW: 24TH JULY 2012

BSE Small-Cap index was up 0.13% while the BSE Mid-Cap index finished 0.16% up.CNX MIDCAP 50 index was up 0.48% and S&P CNX 500 was up around 0.25%. The SENSEX closed 40 points up at 16,918 and the NIFTY stood at 5,128 up by 10 points.

BSE SENSEX and NIFTY traded slightly higher for most of the time on the session and ended almost flat as traded over the global uncertainties. Indian equities bounced back as index heavyweight Hindustan Unilever surged almost 7.5 percent ahead of its strong Quarterly numbers as company’s net profit doubled year-on-year to rupees 1331.2 crore in JUNE quarter. From the local end, expectations over the hike in diesel prices supported the markets a bit which is to be increased after the Voice-president election. However India’s biggest Oil and Gas producers Reliance Industries and ONGC gained around 1 percent each along with banking giants State Bank of India and ICICI Bank moved up 0.1% to 0.4% while Wipro slipped more than 3 percent over its poor quarterly earnings. Sail and L&T further created the pressure over the gains.

Nifty Gainers

Today’s nifty top gainer were:

HINDUNILVR changed 7.57% with 1, 24, 34,286 volumes

RANBAXY changed 3.03% with 5, 42,436 volumes

STER changed 2.71% with 59, 85,485 volumes

Nifty Losers

Today’s nifty top losers were:

WIPRO with volume 36, 15,888 and changed -3.07%

SAIL with volume 30, 64,007 and changed -2.80%

L&T with volume 17, 84,131 and changed -1.75%

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