NIFTY OUTLOOK FOR 6TH JULY 2012
NIFTY SPOT LEVEL
TREND – BEARISH
BANK NIFTY FUTURES
Markets starts with Lower Levels: Sudarshan Sukhani
According to Technical analyst Sudarshan Sukhani the beginning of today's trading session the market is expected to lower levels.
According to Sudarshan Sukhani shopping opportunities in the Nifty, the level should keep stoploss of Rs 5,300. Nifty closes below 5300 then you will be better out of long positions.
5TH JULY PERFORMANCE:
JK CEMENT 3TG, BOMDYEING FUT 2TG,
RCOM FUT 2TG, ORCHID CHEMICALS FUT 2TG,
DEWAN HOUSING 1TG, STCINDIA 1TG, UBHOLDINGS 1TG,
POS MCLEOD RUSSEL 1TG, YES BANK FUT 1TG,
ULTRATECH CEM FUT 1TG, NIFTY FUT 1TG,
BANKNIFTY FUT 1TG,BTST JSW STEEL FUT TG ACHIEVED,
& RAYMOND FUT EXIT AT COST,
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STOCK MARKET REVIEW: 5TH JULY 2012
BSE Small-Cap index was up 1.64% while the BSE Mid-Cap index finished 0.90% up.CNX MIDCAP 50 index was up 0.78% and S&P CNX 500 was up around 0.57%. The SENSEX closed 75 points up at 17,538 and the NIFTY stood at 5,327 up by 24 points.
BSE SENSEX and NIFTY traded slightly higher in a range bound session for the fourth consecutive day. Markets are continuously trading flat as passing through the consolidation phase waiting for a trigger to get a certain direction. As for as, global front is considered, investors are keenly eying the European central bank’s decision to get the fresh monetary stimulus. Indian rupee depreciated by 57 paise on today’s session or by 1.07 percent at 55.05 against the DOLLAR. However Banking stocks led the rally as banking major ICICI BANK, HDFC BANK and KOTAK BANK surged 2.15%, 1.15% and 1% respectively while STERLITE, BAJAJ-AUTO and SESAGOA limited the gains.
Today’s nifty top gainer were:
IDFC changed 2.96% with 84, 55,989 volumes
CIPLA changed 2.20% with 13, 01,510 volumes
ICICIBANK changed 2.15% with 37, 47,080 volumes
Today’s nifty top losers were:
ASIANPAINT with volume 1, 45,217 and changed -2.39%
ONGC with volume 53, 20,465 and changed -1.79%
BAJAJ-AUTO with volume 5, 29,214 and changed -1.72%
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