STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 20TH JULY 2012

NIFTY OUTLOOK FOR  20TH JULY  2012

NIFTY SPOT LEVEL   

TREND – BEARISH

SUPPORT 1	5230
SUPPORT 2	5215
RESISTANCE 1	5255
RESISTANCE 2	5270

BANK NIFTY FUTURES   

TREND- BEARISH

SUPPORT 1	10580
SUPPORT 2	10540
RESISTANCE 1	10680
RESISTANCE 2	10750

EXPERT VIEW

Nifty 5200 will not go down: Udayan Mukherjee

Udayan Mukherjee says that the first quarter results of reliance industry and perspective of the EGOM meeting at spectrum is crucial to the market today.  

According to Udayan Mukherjee, currently expected to be below 5,200 for the Nifty is not looking. 50-100 points toward the top is not rise much.

19TH JULY PERFORMANCE:

UNITED SPIRITS FUT 3TG, DISH TV FUT 3TG,

CADILA HEALTHCARE 3TG, POS MARUTI FUT 2TG,

NIFTY FUT 2TG, UNITED SPIRITS 2ND CALL 2TG,

BATA INDIA FUT 2TG, PANTALOON FUT 1TG,

HAVELLS FUT 1TG, MARUTI PUT 1TG,

TTK HEALTHCARE 1TG, POS TTK PRESTIG 1TG,

BTST PANTALOON FUT, BAJAJ AUTO FUT AND STBT PNB FUT,

UNITED SPIRITS FUT TG ACHIEVED, VOLTAS FUT EXIT AT COST

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STOCK MARKET REVIEW: 19TH JULY 2012

BSE Small-Cap index was up 0.37% while the BSE Mid-Cap index finished 0.12% up.CNX MIDCAP 50 index was up 0.28% and S&P CNX 500 was up around 0.42%. The SENSEX closed 93 points up at 17,274 and the NIFTY stood at 5,242 up by 26 points.

BSE SENSEX and NIFTY traded slightly higher and extended the gains for the second consecutive session as traded over the positive global cues. Oil and Gas stocks topped the buying list today as Diesel price hike expectations boosted the sentiment after the presidential elections today. However index heavyweight Infosys, BHEL, BPCL and TCS led the rally as INFY and BPCL surged approximately 3 percent on the session. BHEL and TCS jumped 2.48 percent and 0.4 percent respectively while India’s largest car maker Maruti tanked nearly 9 percent on THURSDAY as strike at its Manesar plant and telecom giant Bharti Airtel fell 2 percent ahead of EGoM meet tomorrow where government may decide spectrum reserve price.

Nifty Gainers

Today’s nifty top gainer were:

CAIRNS changed 3.02% with 46, 87,695 volumes

BPCL changed 2.99% with 12, 16,614 volumes

INFOSYS changed 2.80% with 13, 63,292 volumes

Nifty Losers

Today’s nifty top losers were:

MARUTI with volume 83, 44,781 and changed -9.19%

BANKBARODA with volume 10, 19,416 and changed -3.05%

KOTAKBANK with volume 29, 73,758 and changed -2.96%

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