NIFTY OUTLOOK FOR 21ST JUNE 2012
NIFTY SPOT LEVEL TREND – BEARISH
Tomorrow trading is expected between the broad levels of 5080-5165. If the market breaches the level of 5145 on the upper side then the next resistance level will be 5165. But if nifty breaches the support level of 5105 then it may go down till the level of 5080.
BANK NIFTY FUTURES TREND- BEARISH
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9715-9940. Bank nifty futures can go down till the level of 9715 once it breaks the level of 9785. On the opposite side once breaking the level of 9895, it is expected to go upward till the level of 9940. Bank nifty will be trading between the narrow ranges of 9785-9895.
Remain range-bound market: Mohit Gaba
According to technical analyst Mohit Gaba now period of negative reports is over in market . The Nifty is expected to remain at 5100 levels.According to Gaba in the current market Nifty long positions with stoploss of Rs 5100 can be made. But keep in mind the market is range-bound trading. So profits will be slightly lower.
TATACOFFEE 3TG, PANTALOON FUT 3TG,
ACC FUT 2TG, POS. TATA STEEL 2TG,
WOCKHARD 2TG, APPAPERS 2TG,
TATAMOTORS CALL OPTION 1TG,
ASTRAZENECA PHARMA 1TG,
SUNTV FUT COST EXIT,
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Y’DAY COMMODITY PERFORMANCE:
GOLD SHORT 2 CALLS 3TG,
SILVER SHORT 3TG IN 1 CALL & 2TG IN 2ND CALL,
NICKEL LONG 2TG,
GOLD LONG 1TG,
CRUDE SHORT SL HIT
PREMIUM COPPER LONG 1TG,
STOCK MARKET REVIEW: 20TH JUN 2012
BSE Small-Cap index was down 0.79% while the BSE Mid-Cap index finished 0.83% up.CNX MIDCAP 50 index was up 1.30% and S&P CNX 500 was up around 1.10%. The SENSEX closed 36 points up at 16,896 and the NIFTY stood at 5,120 up by 16 points.
BSE SENSEX and NIFTY traded in a tight range bound session on WEDNESDAY ended almost flat with nominal gains for the second consecutive session. Investors has a close eye over the FOMC meeting (Federal Open Market Committee) scheduled to be held today expected to come out with Federal may ease the monetary policy to boost the economy growth. Indian equities got somewhat support from positive Asian cues to stay higher. However India’s largest commercial motor vehicles Tata Motor rose 3 percent with Two-Wheeler major Heromoto Company shop 1 percent up while Maruti and Bharti Airtel traded under pressure tanked more than 1.25 percent each.
Today’s nifty top gainer were:
ACC changed 4.34% with 20, 90,516 volumes
STER changed 3.46% with 2, 16, 34,930 volumes
HCLTECH changed 3.19 % with 13, 68,229 volumes
Today’s nifty top losers were:
TCS with volume 8, 76,777 and changed -1.72%
BHARTIARTL with volume 24, 09,072 and changed -1.41%
DLF with volume 50, 34,156 and changed -1.38%
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