Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 30TH APRIL 2012

NIFTY OUTLOOK FOR 30TH APRIL 2012

NIFTY SPOT LEVEL

TREND - BEARISH

 

 

 

SUPPORT 1 5150
SUPPORT 2 5120
RESISTANCE 1 5220
RESISTANCE 2 5250

BANK NIFTY FUTURES

TREND- BEARISH

 

 

 

SUPPORT 1 10015
SUPPORT 2 9915
RESISTANCE 1 10240
RESISTANCE 2 10350

STOCK MARKET REVIEW: 27TH APRIL 2012

BSE Small-Cap index was down by 0.42% while the BSE Mid-Cap index finished 0.11% down.CNX MIDCAP 50 index was down 0.27% and S&P CNX 500 was down around 0.11%. The SENSEX closed 4 points down at 17,126 and the NIFTY stood at 5186, down by 3 points.

BSE SENSEX and NIFTY traded in a very tight and range bound session on FRIDAY for the third consecutive session and ended flat as investors did not seem interested to participate in the market. However private sector banking giant ICICIBANK LTD led the market ahead of its better than expected Quarterly number for Q4 FY 12 resulted with 2.25 percent gain, Technology stocks also supported the market as HCLTECH rose 2 percent approximately while State Bank of India, BHEL, Reliance Industries, L&T and ITC traded under pressure and dragged the markets down.

Nifty Gainers

Today's nifty top gainer were

HINDALCO changed 2.67% with 49, 23,978 volumes

ICICIBANK changed 2.25% with 1, 46, 54,418 volumes

HCLTECH changed 1.78% with 10, 90,643 volumes

Nifty Losers

Today's nifty top losers were

SAIL with volume 42, 34,432 and changed -2.86%

COALINDIA with volume 10, 31,362 and changed -2.42%

ACC with volume 3, 27,444 and changed -2.33%