STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 14TH MAY 2012

NIFTY OUTLOOK FOR  14TH  MAY  2012

NIFTY SPOT LEVEL: TREND – BEARISH

14th May trading is expected between the broad levels of 4865-5000. If the market breaches the level of 4970 on the upper side then the next resistance level will be 5000. But if nifty breaches the support level of 4900 then it may go down till the level of 4865.

SUPPORT 1	4900
SUPPORT 2	4865
RESISTANCE 1	4970
RESISTANCE 2	5000

BANK NIFTY FUTURES : TREND- BEARISH

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9170-9640. Bank nifty futures can go down till the level of 9170 once it breaks the level of 9280. On the opposite side once breaking the level of 9515, it is expected to go upward till the level of 9640. Bank nifty will be trading between the narrow ranges of 9280-9515.

SUPPORT 1	9280
SUPPORT 2	9170
RESISTANCE 1	9515
RESISTANCE 2	9640

EXPERT VIEW

Nifty likely to increasingly LESS Udayan Mukherjee

3.5 per cent rise in domestic stock markets last week after the CNBC - TV18's Udayan Mukherjee, Managing Editor, says that Google are not likely to increase soon.

Udayan Mukherjee said today as April inflation figures and giant L & T will result. These data are unlikely to be affected by Google in the market downturn has dominated. 5,000 traders with investors eyeing the market now is at the crossing. After crossing the 5,000 level of the market as some might expect the world.

STOCK MARKET REVIEW: 11TH MAY 2012

STOCK MARKET CALLS

BSE Small-Cap index was up down 0.91% while the BSE Mid-Cap index finished 0.83% down.CNX MIDCAP 50 index was down 1.10% and S&P CNX 500 was down around 0.79%. The SENSEX closed 127 points down at 16,292 and the NIFTY stood at 4928, down by 36 points.

BSE SENSEX and NIFTY traded in a volatile session on and added the fall ahead of fourth consecutive sessions. Poor industrial growth output data weaken the sentiments. IIP number contracted 3.5 percent in MARCH against the 4.1 percent in FEBRUARY, was expected to grow up by 1.5 percent. However weaker European cues also added fuel to the fire. Capital goods, Mining and manufacturing sector traded negative while Banking and Auto stocks shed the losses as Auto major BAJAJ AUTO, TATA MOTOR and Banking major AXIS BANK, and BANK OF BARODA ended in green.

Nifty Gainers

Today’s nifty top gainer were

JAPASSOCIAT changed 4.31% with 2, 33, 32,328 volumes

BAJAJAUTO changed 3.74% with 3, 24,782 volumes

TATAMOTOR changed 2.80% with 79, 47,195 volumes

Nifty Losers

Today’s nifty top losers were

TATAPOWER with volume 44, 16,644 and changed -5.70%

GRASIM with volume 55,196 and changed -3.80%

SUNPHARMA with volume 55,196 and changed -3.80%

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