STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 31ST JULY 2012

NIFTY OUTLOOK FOR 31ST JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5150
SUPPORT 2	5100
RESISTANCE 1	5230
RESISTANCE 2	5255

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10275
SUPPORT 2	10145
RESISTANCE 1	10480
RESISTANCE 2	10555

30TH JULY PERFORMANCE:

UNITED SPIRITS FUT 3TG,

GEOMETRIC 2TG,

UNITED SPIRITS FUT 2ND CALL 2TG,

BANKNIFTY FUT 2TG,

TITAN FUT 1TG,

GRASIM FUT 1TG,

HDFC BANK 1TG,

AND BTST CANARA BANK FUT

TG ACHIEVED,

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STOCK MARKET REVIEW: 30TH JULY 2012

BSE Small-Cap index was up 1.35% while the BSE Mid-Cap index finished 1.56% up.CNX MIDCAP 50 index was up 2.20% and S&P CNX 500 was up around 1.91%. The SENSEX closed 298 points up at 17,137 and the NIFTY stood at 5,199 up by 100 points.

BSE SENSEX and NIFTY rallied 300 points and 100 points respectively led by broad based buying. The NIFTY breached the resistance level of the 5200 mark as buying activity picked up across the board ahead of the Reserve Bank Of India’s policy meet tomorrow. Infrastructure stocks saw huge buying interest today, engineering and construction major Larson & Toubro and power equipment manufacturer BHEL were up 3.6%-4%. Index heavyweight Reliance Industries rose by 1% and metal stocks like Tata Steel, Jindal Steel and Sterlite Industries rallied more than 2.5%-3%. However, shares of Wipro and ONGC were only losers among largecaps, falling 0.9% and 0.36% respectively.   

Nifty Gainers                                                                                      

Today’s nifty top gainer were:

RELINFRA changed 5.54% with 19, 84, 902 volumes

JP ASSOCIATES changed 5.23% with 1, 11, 96, 984 volumes

CAIRN changed 5.16% with 8, 69, 121 volumes

Nifty Losers

Today’s nifty top losers were:

AMBUJA CEMENTS with volume 15, 83, 299 and changed -1.21%

HUL with volume 39, 87, 534 and changed -0.13%

HCL TECH with volume 7, 92, 256 and changed -0.12%

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