NIFTY OUTLOOK FOR 22ND JUNE 2012
NIFTY SPOT LEVEL
TREND – BEARISH
BANK NIFTY FUTURES
Today the market tumbling to a buying opportunity
Sudarshan Sukhani says because of poor global market signals today market may be starts from 50-55 points lower. Have a good chance of buying on dips in the market today.According to Sudarshan Sukhani Nifty 5,000 level is crucial, the Nifty is below 5000 may change the tone of the market.
Concerns raised by poor global cues: Udayan Mukherjee
Udayan Mukherjee says that the worst setback for the global market has once again signals. Strong decline in U.S. markets on Thursday and the Dow Jones lost 250 points.According to Udayan Mukherjee, weakness can be seen in today's trading session. America's poor economic data has raised concerns in the market.
21ST JUNE PERFORMANCE:
EVEREST INDUSTRIES 3TG, HINDOILEXP FUT 3TG,
JUBILANT FOODWORKS FUT 3TG, HPCL JUNE CALL 2TG,
BHEL 1TG, POS.HINDOIL FUT 1TG,
BANK NIFTY FUT 1TG, TATAMOTORS JUNE CALL 1TG,
NIFTY JUNE PUT 1TG, TCS FUT 1TG,
MARUTI FUT 1TG, TATA COFFEE SL HIT,
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STOCK MARKET REVIEW: 21ST JUN 2012
BSE Small-Cap index was up 0.76% while the BSE Mid-Cap index finished 0.81% up.CNX MIDCAP 50 index was up 1.31% and S&P CNX 500 was up around 1.16%. The SENSEX closed 135 points up at 17,032 and the NIFTY stood at 5,165 up by 44 points.
BSE SENSEX and NIFTY traded in a volatile range bound session on WEDNESDAY bounced back on last trading hours as Investment bank JP Morgan upgraded Indian Equities from “Neutral” to “Overweight“. The rating is provided on the basis of number of factories with their historic valuations, expectations of monetary stimulus and lower oil prices which took the market higher towards closing. However the rally was led by Oil & Gas stocks and Banking sector as the banking giants State Bank of India and ICICI Bank shot up by 2.9 percent and 2 percent respectively with HPCL and IOC up by 3 percent each while Reliance industries, Cairns and TCS traded under pressure.
Today’s nifty top gainer were:
JPASSOCIAT changed 4.70% with 2, 20, 69,360 volumes
RELINFRA changed 4.44% with 29, 40,016 volumes
DLF changed 4.05% with 70, 78,592 volumes
Today’s nifty top losers were:
RELIANCE with volume 51, 68,092 and changed -2.56%
CAIRNS with volume 25, 80,281 and changed -2.47 %
TCS with volume 20, 77,990 and changed -2.28%
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