STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 29TH MAY 2012

NIFTY OUTLOOK FOR  29th MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4945
SUPPORT 2	4915
RESISTANCE 1	4985
RESISTANCE 2	5000

BANK NIFTY FUTURES

TREND- BEARISH

SUPPORT 1	9535
SUPPORT 2	9425
RESISTANCE 1	9705
RESISTANCE 2	9760

EXPERT VIEW

Nifty rise strongly: Mohit Gaba

Technical analyst Mohit Gaba gained the point that Google can show the level of 5050-5100.

Mohit Gaba, according to Google on Monday began with light edge and closed at the upper levels of the day, Google is the increasingly important role in the Bank Nifty. While this can be sold on bank profits in Nifty.

Nifty will crossed 5000 : Udayan Mukherjee

Udayan Mukherjee says that today’s trading session Sensex can be crossed 5,000. The global signal still remain negative.Udayan Mukherjee says that markets are better in the last 3 trading sessions. Improvedglobal and domestic markets, but markets, it is not strengthening. Is there any improvement in the RS that the government is not in the mood to raise fuel prices.

STOCK MARKET REVIEW: 28TH MAY 2012

BSE Small-Cap index was up 0.87% while the BSE Mid-Cap index finished 1.21% up.CNX MIDCAP 50 index was up 1.66% and S&P CNX 500 was up around 1.29%. The SENSEX closed 199 points up at 16,416 and the NIFTY stood at 4985, up by 65 points.

BSE SENSEX and NIFTY ended higher on MONDAY as traded over improved global sentiments. The positive rally led by India’s largest lender State Bank of India railed by 4.8 percent. Banking sector out performed today as banking giants ICICI BANK, Punjab National Bank, Bank of India, Axis Bank and IDBI Bank rose 3-5 percent along with SBIN. Investors also made buying in other recently dented blue chip stocks like BHEL, Tata Power, Hindalco and Tata Motors. However index heavy weights GAIL, Maruti, ONGC, HUL and Jindal steel limited the rally.

Nifty Gainers

Today’s nifty top gainer were:

SBIN changed 4.84% with 35, 31,292 volumes

BHEL changed 4.63% with 64, 24,014 volumes

TATAPOWER changed 4.20% with 15, 83,782 volumes

Nifty Losers

Today’s nifty top losers were:

GAIL with volume 6, 66,039 and changed -2.71%

BPCL with volume 6, 18,533 and changed -2.24%

MARUTI with volume 8, 74,065 and changed -1.39%

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