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.