STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 8TH AUG 2012

NIFTY OUTLOOK FOR  8TH AUG  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5295
SUPPORT 2	5255
RESISTANCE 1	5360
RESISTANCE 2	5390

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10495
SUPPORT 2	10400
RESISTANCE 1	10650
RESISTANCE 2	10710

EXPERT VIEW

Nifty will cross the level 5350:Udayan Mukherjee

CNBC TV 's Managing Editor, Udayan Mukherjee says there are signs of strength in the market. The global signal of the last few trading sessions to support the markets are.

According to Udayan Mukherjee, the international crude oil prices is coming. But the global signal is expected to be better.

7TH AUG EQUITY PERFORMANCE:

AXIS BANK FUT 3TG, NIFTY CALL 3TG,

V-GUARD 3TG, BAJAJ FINSERVE 3TG,

LAKSHMI MACHINE 3TG,

IRB FUT 2TG, NIFTY FUT 2TG,

TATA MOTORS CALL 2TG,

POS GAIL 2TG, DISH TV FUT 1TG,

BOMBAY DYEING FUT 1TG,

TTK PRESTIGE FUT 1TG,

TREE HOUSE EDUCATION 1TG,

BTST FINANTECH FUT &

REC FUT TG ACHIEVED, AND

BF UTILITIES FUT EXIT AT COST

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STOCK MARKET REVIEW: 7TH AUG 2012

STOCK MARKET CALLS

BSE Small-Cap index was up 0.36% while the BSE Mid-Cap index finished 0.35% down.CNX MIDCAP 50 index was up 0.13% and S&P CNX 500 was up around 0.81%. The SENSEX closed 188 points above at 17,601 and the NIFTY stood at 5,336 up by 54 points.

BSE SENSEX and NIFTY benchmarks rose to their highest levels on hopes the RESERVE BANK OF INDIA will be pressured into lowering interest rates. Inflow of foreign money too aided the rally as foreign institutional investors have bought more than 4000crore worth of Indian equities in previous seven sessions. Country’s largest lenders State Bank Of India and ICICI Bank surged more than 2%. Even the technology players Infosys and TCS gained more than 2%. Top commercial vehicle maker TATA MOTORS continued to trade with more than 4% gains and India’s second largest two-wheeler maker Bajaj- Auto rallied 3%. On the other side two-wheeler major HEROMOTO CORP was down 1.4% due to the adjustment for dividend of Rs.45 per share.   

Nifty Gainers                                                                                      

Today’s nifty top gainer were:

TATA MOTORS changed 4.15% with 1, 21, 44, 274 volumes

IDFC changed 3.59% with 81, 33, 532 volumes

DLF changed 3.57% with 87, 84, 555 volumes s

Nifty Losers

Today’s nifty top losers were:

CAIRN with volume 22, 51, 094 and changed -1.42%

HEROMOTO with volume 4, 00, 985 and changed -1.33%

POWERGRID with volume 30, 92, 576 and changed -1.20%

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