Tag Archives: Nifty fut momentum calls for 30 jul’2012

Market Outlook: Nifty Levels for 30 JULY’2012

Posted on by

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.