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Market Outlook – Nifty Outlook & FII Derivative Data for 31 August’2012

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As per market outlook, the BSE Index put up the lid at 17542 up 51 points or +0.29% and Nifty Shut Stop at 5315 up 27 points or +0.52% from the previous close. CNX Midcap index was up 0.4% and BSE Small cap index was gained 0.3% in Yesterday’s Trade. The market breadth was positive with advances at 716 against declines of 706 on the NSE.

The market traded volatile in yesterday’s ttrade and closed with moderate gains.

Top Nse India Gainers were: Dlf, Idfc, Hindalco and Jp Assosiate.

Top Nse India Lossers Were: Tata Steel, Gail, Jindal Steel and Bpcl.

FII Derivative Data:


  • FII sold 2041 Contracts of Index Future, worth 6 cores with net OI decreasing by 19355 contracts.
  • Since Nifty Future was down by 50 points and OI has decreased by 19355, FII have booked profit in longs, as the total OI is down by 19K and sell figure is just 6 cores meaning they sold longs and have shorted partially.
  • Nifty Spot closed at 5288 after making the low of 5283, Bulls were under pressure from morning as they 5325 got broken on Nifty. Ahead of expiry breaking of 5300 is a danger for bulls as expiry pressure can bring a swift fall and gap filling till 5216 can take place.
  • Resistance for Nifty has come up to 5309 and 5329 which needs to be watched closely ,Support now exists at 5266 and 5243 .Trend is Sell on Rise till 5329 is not broken on closing basis.
  • Nifty August OI is at 1.6 cores with an unwinding  of 41 Lakh in OI, but the same got roll overed to September Series. September Series OI is at 1.53 lakhs so 36 lakhs  got roll overed Longs are getting roll overed to next series.
  • Whole F&O turnover was 1.70 lakh Cores with total contract traded at 2.53 lakh, Breadth was terrible and stocks were falling like nine pins.
  • 5300 CE also saw an addition of 14.6 lakhs with total OI now standing at 49 lakhs. 5300 CE has premium of Rs 15 and Call writers have added 14.6 lakhs OI, so 5300 will be immediate resistance for market tomorrow.
  • 5300 PE sheded 19 lakh in OI and having the OI at 76 lakhs put writers ran for cover as Nifty broke and closed below 5300.5200 PE is next support at per Option table as we have gap from 5266-5219 so do not be surprised if we see 5219 tomorrow. As of now 5200 is strong base from market. FII have sold 771 cores in Options suggesting selling in Put options they were holding as hedge, Are we near reversal?
  • FII bought 143 cores and DII sold239 cores in cash segment. INR closed at 55.67. FII were again sellers of 579 cores in Stock futures.
  • Nifty Futures Trend Deciding level is @ 5299, Trend Changer is @ 5327,  Nifty were consolidating near 5327-5332 range before falling and we got early indication of fall as we traded 2 hours below 5327. For tomorrow this level will be tough resistance to crack. (Beyond this Level Bulls will rule Nifty/Beneath this levels Bears have upper hand).
  • 5 DMA at 5335
  • 20 DMA at 5333
  • 50 DMA at 5256
  • 200 DMA at 5120
  • 5 Days Relative Strengthen Index at 38 and 14 Days Relative Strengthen Index at 41. Indicates Nifty placed in BEARISH Zone.

Nifty Support & Resistance:

Nifty Resistance at It has the First resistance close to the level 5333 and above the level marks the track point at 5355 later zipper levels at 5400 marks.

Support at It has the first support close to the level of 5288 and below this level mark next support is seen at 5266 later dipping levels near 5244 marks.

Nifty Future Momentum Call for 30 Aug’2012:

Nifty Future Buy above 5333 sl 5311 Tgt 5355-5400 {Or} Nifty Future Sell Below 5288 sl 5311 Tgt 5266-5244.

Market Outlook: Nifty Levels for 02 August’2012

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The Bse Index Closes on Wednesday at 17257 up 21 Points or +0.12% and the Nifty fasten store at 5240, up 11 points from the previous close or +0.22%. The CNX Midcap index was up 0.9% while the BSE Small cap index gains 1.1% in Yesterdays Trade. The market breadth was positive with advances at 947 against declines of 490 on the NSE.

The markets clogged with restrained gains today with healthcare, capital goods and realty being the biggest gainers. Metal and oil & gas closed with significant losses. Top Gainers in Yesterday’s Trade were Cipla, Kotak Mahindra Bank, Ambuja Cement and JP Associates & Losers were Coal India, Sesa Goa,Ongc and Hero Motocorp.

Stock Cipher:

  • Delta Corp Q1 cons net profit at Rs 16.1 cr vs Rs 11.8 cr (YoY); cons net sales at Rs 72 cr vs Rs 91.2 cr (YoY).
  • Karvy has filed a forgery case against Deccan Chronicle.
  • IDBI Q1FY13 YoY Net Profit at Rs.427.3 Cr vs Rs.335 Cr; NII at Rs.1270.6 Cr Vs Rs.1211 Cr.
  • Godrej Properties will be developing 1.85 lakh sq ft Ghatkopar Township.
  • 3i Infotech has allotted 2.14 cr shares at Rs 19.74/share as per CDR (Corporate Debt Restructure) package to various lenders.
  • EID Parry Q1FY13 YoY Consolidated Net Profit at Rs.106 Cr Vs Rs.95.5 Cr; Net Sales at Rs.2,666.3 Cr Vs Rs.2,489 Cr.
  • Uninor decides to auction its mobile services business and ancillary operations in various circles; Unitech nominees on the board have opposed the auction.
  • State-owned oil companies hike ATF prices by average Rs 2876.75/kl.
  • Maruti Suzuki July total sales up 9.2% at 82,234 Units (YoY). Domestic Sales at 71,024 Units Vs 66,504 Units (YoY). Exports at 11,210 Units Vs 8,796 Units (YoY). Dzire Sales at 11,413 Units Vs 3,021 Units (YoY).
  • Orissa Minerals Development Company is planning for a bonus share issue and stock split on August 9. The company is looking forward for meger of Bisra Stone Lime with itself on August 9.
  • PVR Q1 cons net profit at Rs 7.6 cr vs loss Rs 13.2 cr (QoQ); cons net sales at Rs 176 cr vs Rs 117.7 cr (QoQ).
  • Adani Power Q1 cons net loss at Rs 810 cr Vs Rs 181 cr profit (YoY); cons net sales at Rs 1,502 cr Vs Rs 855 cr (YoY).
  • M&M July Sales: Total Sales at 47,059 Vs 39,633 units (YoY).
  • Cipla has got US FDA nod for Insomnia drug ambient generic.
  • July Auto Sales Tata Motors:
    Total Sales (GU)15% at 74,159 at units (YoY)
    Domestic Sales (GU)18% at 68,627 at units (YoY)
    PV Sales (GU)53% at 26,240 at units (YoY)
    Nano Sales at 5,485 at units Vs 3,260 at units (YoY)
    Exports at 5,532 at units Vs 6,512 at units (YoY)
  • Orient Paper Q1 net profit at Rs 48.9 cr vs Rs 59.4 cr (YoY); net sales at Rs 657 cr vs Rs 524 cr (YoY)
  • Jaypee Infra Q1 net profit at Rs 209 cr vs Rs 238 cr (YoY); net sales at Rs 678 cr vs Rs 617 cr (YoY),
  • CEAT Q1 cons net profit at Rs 29 cr vs loss of Rs 41 cr (YoY); cons net sales at Rs 1,225 cr vs Rs 1,110.5 cr (YoY).
  • Eicher Motor July Auto Sales: Total Bus, Truck Sales (Reduced) 13.2% at 3,602 Units (YoY).
  • GSK Consumer Q2 net profit at Rs 106.6 cr Vs Rs 82.5 cr, net sales at Rs 729.7 cr Vs Rs 653.4 cr (YoY).

Last Close at 5240 up 11 points, Last High at 5246 Low at 5212, Weekly High at 5246 and low at 5032 and 5 DMA at 5162, 20 DMA at 5213, 50 DMA at 5128 and 200 DMA at 5105.

5-Days Relative Strength Index at 68 and 14-Days Relative Strength Index at 56. It Indicates Nifty Placed in BULLISH precinct.

NIFTY: RESISTANCE @ It has the First resistance close to the level 5244 and above the level marks the track point at 5266 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5222 and below this level mark next support is seen at 5200 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 02 Aug’2012:

Buy Nifty August Future above 5266 Sl 5244 Tgt 5288-5311 {Or} Sell Nifty August Future below 5222 Sl 5244 Tgt 5200-5177.

Market Outlook: Nifty Levels for 01 August’2012

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The Bse Index Closes on Tuesday at 17236 up 92 Points or +0.54% and the Nifty fasten store at 5229, up 29 points from the previous close or +0.56%. The CNX Midcap index was up 0.4% while the BSE Small cap index gains 0.1% in Tuesday’s Trade. The market breadth was positive with advances at 741 against declines of 657 on the NSE.

The markets finished a smart recovery in the afternoon to close with temperate gains and barring consumer durables, banking and power, all sectoral indices closed positive. Oil & gas, realty and metal were the biggest gainers in yesterday’s session and IT and healthcare, too, gained significantly. Top Gainers in Yesterday’s Trade were Grasim, Ongc, Dlf and Sterlite Industries & Losers were Bharti Airtel, Hero Motocorp, Jindal Steel and Bank of Baroda.

Stock Cipher:

  • Hexaware Q2 net profit at Rs 89 cr vs Rs 88.4 cr (QoQ).
  • Competition Commission of India (CCI) has imposed a penalty of Rs 397.5 cr on Shree Cement for indulging in restrictive trade practices.
  • Deccan Chronicle has pledged 14.5% stake of the company to Religare Finvest. Earlier, it had pledged 54% to Future Capital.
  • Coal India board will be meeting on Tuesday to discuss FSAs (fuel supply agreement) with Power companies.
  • First source Solutions Q1 net profit up 25.6% at Rs 29 cr (QoQ); Revenues up 8.6% at Rs 675.2 cr vs Rs 621.8 cr (QoQ).
  • Bharti Airtel is planning to issue new shares to the public or Qualified Foreign Investors (QFI).
  • Gulf Oil India has signed a development agreement with Hinduja Estates for 76 acre Hyderabad land.
  • Rare Enterprises buys 25 lakh shares of SpiceJet; stock up 8%.
  • Suzlon Energy has bagged orders of worth 247 million Euro.
  • Sun TV in distribution pact with Arasu Cable.
  • Zydus Cadila receives tentative US FDA nod for Aripiprazole tablets.
  • Karur Vysya Bank Q1 Net Profit at Rs 146 cr Vs Rs 117 cr (YoY).
  • Titan Q1 net profit at Rs 156 cr vs 143.3 cr (YoY); total income at Rs 2,231 cr vs Rs 2,020 cr (YoY).
  • Petronet LNG Q1 Net Profit at Rs 271 cr Vs Rs 245.1 cr (QoQ).
  • Cipla Q1 net profit at Rs 400.7 cr vs Rs 253 cr (YoY); net sales at Rs 1917.4 cr vs Rs 1591 cr (YoY).
  • RBI leaves the Repo Rates as it is.

Last Close at 5229 up 30 points, Last High at 5234 Low at 5154, Weekly High at 5234 and low at 5032 and 5 DMA at 5136, 20 DMA at 5216, 50 DMA at 5119 and 200 DMA at 5103.

5-Days Relative Strength Index at 61 and 14-Days Relative Strength Index at 55. It Indicates Nifty Placed in BULLISH precinct.

NIFTY {5229}: RESISTANCE @ It has the First resistance close to the level 5244 and above the level marks the track point at 5266 later zooper levels at 5288 marks.

SUPPORT@ It has the first support close to the level of 5200 and below this level mark next support is seen at 5177 later dipping levels near 5155 marks.

NIFTY FUT MOMENTUM CALLS FOR 01 Aug’2012:

Buy Nifty August Future above 5245 Sl 5222 Tgt 5266-5288 {Or} Sell Nifty August Future below 5200 Sl 5222 Tgt 5177-5155.

Market Outlook: Nifty Levels for 30 JULY’2012

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The Bse Index Closes on Friday at 16839 up 199 or +1.20% and the Nifty shut shop at 5100, up 57 points from the previous close or +1.13%. The CNX Midcap index was down 0.6% while the BSE Small cap index lost 1% in Friday’s trade. The market breadth was negative with advances at 478 against declines of 961 on the NSE.

The markets closed with noteworthy gains on Friday with metal, FMCG and IT being the lead gainers. Auto and banking, too, gained significantly while realty, capital goods and healthcare closed with moderate declines. Top Gainers in Friday’s Trade were Sterlite Industries, Tata Steel, Tata Motors and Hdfc Bank & Losers were Punjab National Bank, State Bank of India, Bank of Baroda and Jai Prakash Associates.

Stock Cipher:

  • Wockhardt has sold its nutrition business to Dannone for Rs 1280 cr.
  • SBI has raised USD 1.25 billion through a dollar- denominated bond issue.
  • Onmobile Global has given the permission to Avendus to assess its value. Atleast, two shareholders are looking to sell stake.
  • Fitch has downgraded Tulip Telecom to ‘A-‘ from ‘A+’. The Co has still not tied up funds for USD 97million FCCB (foreign currency convertible bond) redemption.
  • Sun TV tanks 20% on possible CBI charge sheet against Marans.
  • Punjab National Bank Q1 Net Profit at Rs 1,246 Cr Vs Rs 1,105 Cr (YoY); NII at Rs 3,695 Cr Vs Rs 3115 Cr (YoY).
  • Dena Bank Q1 net profit at Rs 238.63 cr vs Rs 168.09 cr (YoY); NII at Rs 612.24 cr vs Rs 446.55 cr (YoY).
  • Union Bank Q1 net profit at Rs 512 cr vs Rs 464 cr (YoY); NII at Rs 1822 cr vs Rs 1590 cr (YoY).
  • ICICI Bank Q1 Net Profit at Rs 1815 Cr Vs Rs 1,332 Cr (YoY); NII at Rs 3,193 Cr Vs Rs 2,410.9 Cr (YoY).
  • HCC Q1 net loss at Rs 30.9 cr vs profit of Rs 3 cr (YoY); total income at Rs 969.4 cr vs Rs 1,058 cr (YoY).
  • Bank of India Q1 Net Profit at Rs 887.4 Cr Vs Rs 517.5 Cr (YoY); NII at Rs 2,044 Cr Vs Rs 1,841 Cr (YoY).
  • TVS Motor Q1 Net Profit at Rs 51 Cr Vs Rs 58.8 Cr (YoY); Revenue at Rs 1,819.8 Cr Vs Rs 1,746 Cr (YoY).
  • NTPC Q1 Net Profit at Rs 2,499 Cr Vs Rs 2,076 Cr (YoY); Net Sales at Rs 15,960 Cr Vs Rs 14,171 Cr (YoY).
  • Dewan Housing Q1 net profit at Rs 77.8 cr vs Rs 93.7 cr (YoY); revenue at Rs 738 cr vs Rs 720 cr (YoY).
  • MRPL Q1 net loss at Rs 1,521 cr vs Rs 172.7 cr profit (yoy); GRM at (-) USD 4.15/bbl vs USD 3.72/bbl (yoy).

Last Close at 5099 up 56 points, Last High at 5149 Low at 5077, Weekly High at 5257 and low at 5032 and 5 DMA at 5100, 20 DMA at 5223, 50 DMA at 5106 and 200 DMA at 5101.

5-Days Relative Strength Index at 38 and 14-Days Relative Strength Index at 43. It Indicates Nifty Placed in BEARISH precinct.

SENSEX {16,840}: RESISTANCE @ It has the First resistance close to the level 16995 and above the level marks the track point at 17150 later zooper levels at 17306 marks.

SUPPORT @ It has the first support close to the level of 16663 and below this level mark next support is seen at 16484 later dipping levels near 15329 marks.

NIFTY {5100}: RESISTANCE @ It has the First resistance close to the level 5192 and above the level marks the track point at 5284 later zooper levels at 5377 marks.

SUPPORT@ It has the first support close to the level of 5025 and below this level mark next support is seen at 4950 later dipping levels near 4858 marks.

NIFTY FUT MOMENTUM CALLS FOR 30 Jul’2012:

—————————————————————

Buy Nifty August Future above 5155 Sl 5133 Tgt 5177-5199 {Or} Sell Nifty August Future below 5111 Sl 5133 Tgt 5089-5066.

Market Outlook: Nifty Levels for 27 JULY’2012

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The Bse Index Closes at 16640 down 206 or -1.22% and the Nifty shut shop at 5043 down 67 points from the previous close or -1.30%. The CNX Midcap index was down 2% while the BSE Small cap index lost 2.1%. The market breadth was negative with advances at 331 against declines of 1133 on the NSE.

Achilles’ heel in banking took its toll on the markets today with both benchmark indices closing with noteworthy losses. All sectoral indices closed in the red and along with banking, realty, capital goods, IT and metal, too, closed with substantial declines. Top Gainers in Yesterday Trade were Ambuja Cement, Ntpc, Bajaj-Auto and Grasim Industries & Losers were Pnb, Dlf, Tata Power, and Tata Motors.

Stock Cipher:

  • Biocon Q1 cons net profit at Rs 79 cr vs Rs 70 cr (YoY); cons total revenue at Rs 593 cr vs Rs 443 cr (YoY).
  • JSW Ispat Steel Q4 net profit at Rs 478 cr vs loss of Rs 1130 cr (YoY); net sales at Rs 2,855 cr vs Rs 2,412 cr (YoY)HCL Tech Q4 net profit at Rs 854 cr vs Rs 603 cr (QoQ).
  • India Bulls Real Estate Q1FY13 (QoQ) revenue down 52% at Rs 214.6 cr vs 445.2 cr; PAT down 38% at Rs 37.7 cr vs 56 cr.
  • Raymond Q1FY13 Consolidated YoY Cons net loss of Rs 35 Cr vs profit of Rs 10.7 Cr; Cons income from operations at RS 867 cr.
  • Atul Q1FY13 YoY Net profit at Rs 37.5 Cr vs Rs 18.5 Cr; Net Sales at Rs 495 Cr vs Rs 404 Cr.
  • Orissa Minerals Development Company has merged Bisra Stone Lime with itself. It may also consider a bonus issue.
  • Lupin is planning to launch generic version of GSK’s USD 8 billion dry powder inhaler, Advair.
  • Reliance Media Works has got the nod to raise Rs 600 cr via rights issue.
  • SRF has agreed for Rs 42.9 cr capex in Dahej fluorinated specialty plant.
  • JSW Steel said that it will merge Ispat with itself once Ispat becomes profitable, reports PTI.
  • Apollo Hospitals has allotted 32.7 lakh warrants to promoters at Rs 476.46/share.
  • ITC Q1 PAT likely to grow 19% to Rs 1,581 cr.
  • BHEL Q1 net profit at Rs 921 cr; sales at Rs 8326.2 cr.
  • Thermax Q1 net profit at Rs 67.2 cr vs Rs 80 cr (YoY); net sales at Rs 973 cr vs Rs 1,044 cr (YoY).
  • Venus Remedies has got US patent for antibiotic product Potentox.
  • Bajaj Electricals Q1 net profit at Rs 12 cr vs Rs 11.1 cr (YoY); net sales at Rs 664 cr vs Rs 544 cr (YoY)
  • Subex has allotted 1.74 cr shares on FCCB (foreign currency convertible bonds) conversion to two Mauritius PE (private equity) funds.
  • Alstom India Q1 net profit at Rs 13 cr Vs Rs 6.3 cr (YoY); net sales at Rs 440 cr vs  Rs 279.6 cr (YoY)
  • Ambuja Cements Q2 net profit at Rs 469 cr vs Rs 347.5 cr (YoY); net sales at Rs 2,566 cr vs Rs 2,173 cr (YoY). EBITDA Margin at 28.2% Vs 26.8% (YoY)
  • Arvind Q1 cons net profit at Rs 32.4 Cr Vs rs 61 Cr (YoY); cons net sales at Rs 1,177 Cr Vs rs 1,190.2 Cr (YoY).
  • Rupee at close: Rupee ends at 55.52 to the dollar vs 56.16 on Wednesday.

Last Close at 5043 down 66 points, Last High at 5126 Low at 5032, Weekly High at 5527 and low at 5032 and 5 DMA at 5121, 20 DMA at 5232, 50 DMA at 5102 and 200 DMA at 5099.

5-Days Relative Strength Index at 16 and 14-Days Relative Strength Index at 36. It Indicates Nifty Placed in OVERSOLD precinct.

SENSEX {16,640}:

RESISTANCE: It has the First resistance close to the level 16960 & above the level marks the track point at 17280 later zooper level at 17600 marks.

SUPPORT:  It has the first support close to the level of 16462 & below this level mark next support is seen at 16284 later dipping level near 15964 marks.

NIFTY {5043}:

RESISTANCE: It has the First resistance close to the level 5066 & above the level marks the track point at 5111 later zooper level at 5133 marks.

SUPPORT:  It has the first support close to the level of 5022 & below this level mark next support is seen at 5000 later dipping level near 4977 marks.

Market Outlook: Nifty Levels for 26 JULY’2012

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The Bse Index Closes at 16846 down 72 or -0.43% and the Nifty shut shop at 5110 down 19 points from the previous close or – 0.36%. The CNX Midcap index was down 0.7% while the BSE Small cap index lost 0.8%. The market breadth was negative with advances at 460 against declines of 972 on the NSE.

Maruti Suzuki India told they are not having any stock of Swift and D-Zire in factory (Manesar plant) with these competitors is hoping to make hay when the sun is shining. We also got to perceive sound from National Australia Bank saying, we imagine Greece will exit the single currency.

The recent past the National Stock Exchange decided to remove 51 stocks from F&O segment, which also had an impact on the equity market.

Stock Cipher:

  • Jindal Steel topes the selling list, falling more than 4% after disappointing numbers in Q1.
  • Hindalco, Sterlite Industries and Tata Steel were down 1.7%-2.4%.
  • HCL Tech Q4 net profit at Rs 854 cr vs Rs 603 cr (QoQ).
  • Infosys has failed to settle the case with Jack Palmer. The case will now go into trial on August 20.
  • Jindal Steel & Power has bought Canada’s CIC for Rs 600 cr
  • Wipro and Cognizant have bagged a contract worth approx. USD 250 m from Netherlands based Royal Philips Electronics.
  • Bosch is planning to shut Jaipur plant for 10 days to avoid inventory pile-up.
  • Eicher Motors forms joint venture with US-based Polaris Ind. to produce personal vehicles by 2015
  • Ultratech Cement has bought 100% stake in Gotan Lime Stone, no other details have been disclosed.
  • NIIT Q1 net profit at Rs 11.5 cr vs 5.5 cr (YoY); cons revenue at Rs 227.5 cr vs Rs 219 cr (YoY). EBITDA at Rs 11.4 cr Vs Rs 16.7 cr (YoY).
  • Alstom India has got an order of worth Rs 344.5 cr from NTPC.
  • Power Grid Q1 net profit at Rs 870 cr vs Rs 705 cr (YoY); total income at Rs 2,888.2 cr vs 3,080 cr (YoY)
  • Jubilant Foodworks Q1 net profit at Rs 32 cr vs Rs 283.2 cr (YoY); total income at Rs 314.5 cr vs Rs 29.3 cr (YoY)

Last Close at 5109 down 19 points, Last High at 5121 Low at 5076, Weekly High at 5527 and low at 5076 and 5 DMA at 5161, 20 DMA at 5237, 50 DMA at 5099 and 200 DMA at 5098

5-Days Relative Strength Index at 24 and 14-Days Relative Strength Index at 42. It Indicates Nifty Placed in Bearish Zone.

RESISTANCE: It has the First resistance close to the level 5133 & above the level marks the track point at 5155 later zooper level at 5177 mark.

SUPPORT:  It has the first support close to the level of 5088 & below this level mark next support is seen at 5066 later dipping level near 5044 mark.

Market Outlook: Nifty Levels for 11 JULY 2012

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Past a subdued performance yesterday, the markets spring up as the bulls outclassed the
bears. The European markets shot up with the decision of EU council to speed $123 billion aid to Spanish banks boosting the Indian markets. Also Spain’s 10year bond rose above 7% threshold that prompted bailouts in Greece, Ireland & Portugal. However Chinese markets touched a 6month low due to slow growth in exports and extravagant rise in imports which had a drastic impact on the Asian markets as they performed negatively. Oil prices fell for the 3rd time in 4days as the strike in Norway about the halt in production ended today. Optimism led market rally as industrial output accelerated to a modest pace of 1.8% YoY in May which will have a positive impact on industrial sector. The RBI’s policy review draws closer, expectations are building up that key rates are unlikely to be moved this time.

The Bse Index closes at 17618 up 226 points or +1.30% & Nifty closes at 5345, up 70 points from the previous close or +1.33%. CNX Midcap index was up 0.8% and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 953 against declines of 483 on the NSE.

Markets however showing positive signs they have not yet broken out of the range (5400-
5200). So still not a crystal clear time to enter and it’s better to wait patiently.

Last Close at 5345 up 70 points, Last High at 5348 Low at 5284, Weekly High at 5348 and low at 5557 and 5 DMA at 5313, 20 DMA at 5193, 50 DMA at 5059 and 200 DMA at 5085

5-Days Relative Strength Index at 73 and 14-Days Relative Strength Index at 68. It Indicates Nifty Placed in Bullish Zone.

RESISTANCE: It has the First resistance close to the level 5355 & above the level marks the track point at 5377 later zooper level at 5399 mark.

SUPPORT:  It has the first support close to the level of 5311 & below this level mark next support is seen at 5288 later dipping level near 5266 mark.

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Market Outlook: Nifty Levels for 06 JULY 2012

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The markets traded array bound throughout the day and closed with moderate gains. Midcap and small cap counters outperformed large cap stocks. Banking, FMCG, power and capital goods were the biggest gainers in yesterday’s session while realty and metal lost significantly.

The Bse Index closes at 17539 up 76 points or +0.43% & Nifty closes at 5327, up 25 points from the previous close or +0.47%. CNX Midcap index was up 0.8% and the BSE Small cap index was up 1.6%. The market breadth was positive with advances at 1079 against declines of 401 on the NSE.

Any Close Below 5155 will drag more Downside

Last Close at 5327 up 25 points, Last High at 5333 Low at 5288, Weekly High at 5333 and low at 5095 and 5 DMA at 5295, 20 DMA at 5158, 50 DMA at 5053 and 200 DMA at 5081

5-Days Relative Strength Index at 89 and 14-Days Relative Strength Index at 70. It Indicates Nifty Placed in Over Bought Zone.

RESISTANCE: It has the First resistance close to the level 5333 & above the level marks the track point at 5355 later zooper level at 5399 mark.

SUPPORT:  It has the first support close to the level of 5311 & below this level mark next support is seen at 5288 later dipping level near 5244 mark.

Market Outlook: Nifty Levels for 04 JULY 2012

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Real Estate StocksReal estate, metals & banks help the market close in the green after a monotonous session which saw the indices trade flat for most part. The range for the day was a sheer 40 point with infrastructure keeping the market down.

The Bse Index closes at 17425 up 26 points or +0.15% & Nifty closes at 5287, up 9 points from the previous close or +0.18%. CNX Midcap index was up 0.6% % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 893 against declines of 560 on the NSE.

Today also consolidation going on. The level 5311-5333 seems to be good Resistance

Last Close at 5288 up 10 points, Last High at 5326 Low at 5266, Weekly High at 5316 and low at 5095 and 5 DMA at 5227, 20 DMA at 5128, 50 DMA at 5048 and 200 DMA at 5078

5-Days Relative Strength Index at 60 and 14-Days Relative Strength Index at 67. It Indicates Nifty Placed in Bullish Zone.

RESISTANCE: It has the First resistance close to the level 5311 & above the level marks the track point at 5333 later zooper level at 5355 mark.

SUPPORT:  It has the first support close to the level of 5266 & below this level mark next support is seen at 5244 later dipping level near 5222 mark.

Market Outlook: Nifty Levels for 21 JUNE 2012

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Nifty IndexThe Nifty bounce back by the cement sector from the lows of the day helped the market close with modest gains following a passive and range bound session. Volumes were good and sectors that saw green led were as autos, metal stocks and infra.

The Bse Index closes at 16896 up 36 points or 0.22% & Nifty closes at 5120, up 16 points or 0.33% from the previous close. CNX Midcap index was up 1.1 % and the BSE Small cap index was up 0.8%. The market breadth was positive with advances at 896 against declines of 519 on the NSE.

Last Close at 5120 Up 17 Points, Last High at 5141 Low at 5100, Weekly High at 5190 and low at 5015 and 5 DMA at 5096, 20 DMA at 5007, 50 DMA at 5062 and 200 DMA at 5070

RESISTANCE: It has the First nifty resistance close to the level 5133 & above the level marks the track point at 5155 later zooper level at 5177 mark.

SUPPORT:  It has the first support close to the level of 5088 & below this level mark next support is seen at 5066 later dipping level near 5044 mark.