STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 22ND MAY 2012

NIFTY OUTLOOK FOR  22ND  MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4880
SUPPORT 2	4860
RESISTANCE 1	4925
RESISTANCE 2	4955

BANK NIFTY FUTURES :

TREND- BEARISH

SUPPORT 1	9315
SUPPORT 2	9220
RESISTANCE 1	9500
RESISTANCE 2	9575

EXPERT VIEW
Nifty touches 5050 levels: Sudarshan Sukhani

Sudarshan Sukhani says that Nifty fell last week to see now in a position to emerge and It can be seen very quickly.

Sudarshan Sukhani today or Wednesday's trading session the Sensex may touch 5000-5050 levels.

Expected growth in the market: Udayan Mukherjee

According to Udayan Mukherjee market can be gained today. Indian markets rise on Monday is expected to continue today.

According to Udayan Mukherjee, the global pointers are visible, long after the U.S. markets are closed with gains. It can be said that this is a positive sign for the domestic market and the market will be gained.


TODAY'S PERFORMANCE:


SELL NIFTY FUTURES AROUND 4880 TG 4865,4845,4825 SL  4910

BUY NIFTY 5000 MAY PUT AROUND 144 TG 153,163,175 SL  128.95

UPDATE:NIFTY 5000 MAY PUT 1ST TG 153 ACHIEVED,BOOK PARTIAL PROFIT 2ND TG IS 163

UPDATE: NIFTY 5000 MAY PUT 3RD TG 175 ACHIEVED, BOOK FULL PROFIT DAY HIGH IS 178.8

BANK NIFTY FUTURES SELL CALL 1ST TG 9225 ACHIEVED,BOOK PARTIAL PROFIT 2ND TG IS 9195

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STOCK MARKET REVIEW: 21ST MAY 2012

BSE Small-Cap index was up 0.99% while the BSE Mid-Cap index finished 0.41% up.CNX MIDCAP 50 index was up 0.52% and S&P CNX 500 was up around 0.40%. The SENSEX closed 30 points up at 16,183 and the NIFTY stood at 4906, up by 15 points.

BSE SENSEX and NIFTY traded in a volatile session on MONDAY, shed all the gains in late trading hours, ended almost flat as rupee slips near to its all time low. Indian rupee depreciated by 43 paise or 0.78 percent on the session at 54.85 against the DOLLAR and got near to its all time low of 54.89 at the closing time of equity market. State Bank of India, Reliance industries, L&T and ICICI Bank helped the market to move upside but fall in ITC Cigarette, Infosys, HDFC Bank capped the gains.

Nifty Gainers

Today’s nifty top gainer were

TATAPOWER changed 4.73% with 30, 84,833 volumes

BANKBARODA changed 3.92% with 8, 14,781 volumes

RELINFRA changed 3.37% with 22, 96,422 volumes

Nifty Losers

Today’s nifty top losers were

WIPRO with volume 10, 75,410 and changed -2.62%

ITC with volume 5, 97,095 and changed -2.09%

INFY with volume 9, 14,515 and changed -1.50%

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