STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 27TH JULY 2012

NIFTY OUTLOOK FOR 27TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5010
SUPPORT 2	4975
RESISTANCE 1	5105
RESISTANCE 2	5160

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	9990
SUPPORT 2	9895
RESISTANCE 1	10245
RESISTANCE 2	10410

EXPERT VIEW

Nifty will fall upto 4900: Mohit Gaba

According to technical analyst Mohit gaba the Business Session of Thursday in closed down from the level of 5,080 automated. fall in automated and now there with the level of 4,900 also can be seen.

According to Gaba main role of bank nifty is automated in thrusday market fall. In such a case not positive results of SBI are coming, automated and fear of weakness.

STOCK MARKET REVIEW: 26TH JULY 2012

BSE Small-Cap index was down -2.06% while the BSE Mid-Cap index finished -2.14% down.CNX MIDCAP 50 index was down -2.63% and S&P CNX 500 was down around -1.41%. The SENSEX closed 188 points down at 16,657 and the NIFTY stood at 5,043 down by 67 points.

BSE SENSEX and NIFTY closed negatively on the second consecutive session and was near day’s low on the back of weak cues from European peers and as traders exited open positions on the last day of the July F&O series. The 30-share BSE benchmark fell 108 points to 16,738.04 and the 50-share NSE benchmark was down 35 points to 5074.30. Index heavyweight ITC, Reliance Industries and Infosys dropped 1% each. Country’s largest lender SBI tanked 1.6% while its rivals ICICI BANK and HDFC BANK tanked by 0.6% each. Commercial vehicle maker TATAMOTORS, software services exporter WIPRO and private power provider TATAPOWER tumbled 2% each. However, drug producer SUN PHARMA retained its top position in the buying list, rising by 2.6% while rival DR REDDY’s LABS gained 1.4%.

Nifty Gainers                                                                                      

Today’s nifty top gainer were:

AMBUJA CEMENTS changed 3.24% with 95, 58, 247 volumes

NTPC changed 1.23% with 29, 02, 591 volumes

BAJAJ-AUTO changed 1.19% with 7, 18, 970 volumes

Nifty Losers

Today’s nifty top losers were:

PNB with volume 8, 12, 104 and changed -4.44%

DLF with volume 44, 99, 892 and changed -4.10%

TATA POWER with volume 42, 35, 105 and changed -3.53%

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