STOCK MARKET CALLS| NIFTY OUTLOOK|ANALYSIS 20TH APRIL 2012

NIFTY OUTLOOK FOR  20^th  APRIL 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	5300
SUPPORT 2	5270
RESISTANCE 1	5350
RESISTANCE 2	5375

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	10490
SUPPORT 2	10380
RESISTANCE 1	10645
RESISTANCE 2	10700

STOCK MARKET REVIEW: 19^TH APRIL 2012

BSE Small-Cap index was up by 0.27% while the BSE Mid-Cap index finished 0.25% up.CNX MIDCAP 50 index was up 0.14% and S&P CNX 500 was up around 0.57%. The SENSEX closed 111 points UP at 17,503 and the NIFTY stood at 5332, UP by 32 points.

BSE SENSEX and NIFTY continued its rhythm for the fourth consecutive session and ended in green with the gain of 0.6 percent each. The gains were well supported by European markets rally as better than expected response came out from SPAIN bond auction. SPAIN sold bond worth Euro 2.54 billion which was higher than expected of Euro 2.50 billion. However from local ends Auto, FMCG, Health Care, Steel and Mining and HDFC group companies helped to increase the gains while Reliance industries, BHEL, SBIN and ACC dragged the market down.

Nifty Gainers

Today’s nifty top gainer were
COALINDIA changed 4.07% with 31, 78,542 volumes
MARUTI changed 3.44% with 9, 22,572 volumes
KOTAKBANK changed 3.28% with 4, 57,492 volumes

Nifty Losers

Today’s nifty top losers were
BHEL with volume 1, 05, 18,448 and changed -3.89%
ACC with volume 12, 32,393 and changed -3.64%
RELINFRA with volume 22, 99,438 and changed -2.20%

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