STOCK MARKET CALLS| NIFTY OUTLOOK|ANALYSIS 24TH APRIL 2012

NIFTY OUTLOOK FOR  24TH  APRIL 2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	5150
SUPPORT 2	5110
RESISTANCE 1	5280
RESISTANCE 2	5360

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	10130
SUPPORT 2	10010
RESISTANCE 1	10440
RESISTANCE 2	10640

EXPERTS VIEW

Rise in Nifty: Mohit Gaba

Mohit Gaba technical analysts say that Google is a major support, while the Nifty boom can be seen today. The first market is expected to decline, but the decline after the purchase of Nifty will be bullish trend.

Google last week on Monday, according to Mohit Gaba levels open up, but after a few hours of trading Nifty moved down again. On Monday, the Sensex closed 90 points lower.

TODAYS CALLS

Stock Futures Calls

SELL JUBILANT FUTURES BELOW 1120 TARGET 1115,1109,1102 STOP LOSS 1130.45

UPDATE: JUBILANT FUTURES OUR 2ND TARGET 1109 ACHIEVED BOOK MORE PROFIT AND 3RD TG IS 1102

UPDATE: JUBILANT FUTURES OUR 3RD TARGET 1102 ALMOST ACHIEVED BOOK FULL PROFIT

SELL BANK NIFTY FUTURES BELOW 10210 TARGETS TO BE FOLLOWED 

UPDATE: BANK NIFTY FUTURES OUR 1ST TARGET 10185 ACHIEVED BOOK PARTIAL PROFIT AND 2ND TG IS 10155 

Stock Cash Calls

BUY PERSISTENT SYSTEMS ABOVE 358 TARGET 360,363,368 STOP LOSS 353.45 

UPDATE: PERSISTENT SYSTEMS OUR 2ND TARGET 363 ACHIEVED BOOK MORE PROFIT AND 3RD TG IS 368 

SELL ANDHRAPRADESH PAPER MILLS BELOW 286 TARGET 284.25,282,278 STOP LOSS 288.45 

UPDATE: ANDHRA PRADESH PAPER MILLS OUR 2ND TARGET 282 ACHIEVED BOOK MORE PROFIT AND 3RD TG IS 278

UPDATE: ANDHRA PRADESH PAPER MILLS MADE A LOW OF 278.70 BOOK FULL PROFIT NEAR TO IT 

STOCK MARKET REVIEW: 23rd APRIL 2012

BSE Small-Cap index was down by 1.54% while the BSE Mid-Cap index finished 1.67% down.CNX MIDCAP 50 index was down 1.54% and S&P CNX 500 was down around 1.69%. The SENSEX closed 316 points down at 17,053 and the NIFTY stood at 5190, down by 101 points.

BSE SENSEX and NIFTY started the session almost flat but tanked down later in the trading hours as Euro Zone debt worries and depreciating rupee took a heavy fall on the index. SENSEX and NIFTY lost more than 300 and 100 points intraday respectively resulted the biggest fall in previous one month.  Nifty slipped below the important level of 5200 ended at 5190. However banking stocks, metals, telecom, technology and capital goods stocks resulted a heavy fall hammering the markets down while index heavyweight RELIANCE INDUSTRIES and ONGC tried to support the gains ended in green with 0.64% and 0.70% respectively.

Nifty Gainers

Today’s nifty top gainer were

ACC changed 1.64% with 5, 39,600 volumes

SUNPHARMA changed 1.53% with 2, 87,158 volumes

RELIANCE changed 0.35% with 50, 53,173 volumes

Nifty Losers

Today’s nifty top losers were

RPOWER with volume 34, 33,590 and changed -5.82%

RCOM with volume 94, 60,866 and changed -5.68%

RELINFRA with volume 16, 25,694 and changed -5.54%


YESTERDAY PERFORMANCE:

INFOSYS FUT 3TG,

JSWSTEEL FUT 3TG,

HINDALCO FUT 3TG,

APPAPER 3TG,

NIFTY FUT 2TG,

GRAVITA 1TG, 

JINDALSTEL 1TG, 

STBT BOMBAY DYEING FUT TG ACHIEVED

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