NIFTY OUTLOOK FOR 15TH JUNE 2012
NIFTY SPOT LEVEL
TREND - BEARISH
BANK NIFTY FUTURES
Inflation data raised concerns by: Udayan Mukherjee
Udayan Mukherjeesaid today's trading session crucial. Tredrs to change your position in the market today will be the last chance. Choice RBI and Greece on Monday of the policy will change in the approach to the market.The weakness of European markets is also pressure on the Indian market. Although Greece is expected to remain stable before the elections, the global market.
14TH JUNE PERFORMANCE:
|STOCK MARKET CALLS|
POS. MARUTI FUT 3TG, TATAMOTORS FUT 3TG,
HINDUSTAN COPPER 3TG ALMOST, VENUS REMEDIES 3TG,
TATA MOTORS PUT 2TG,BANK NIFTY FUT 2TG
VGUARD 2TG, POS. ITC SL HIT,
MARUTI FUT SL HIT,
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STOCK MARKET REVIEW: 14TH JUN 2012
BSE Small-Cap index was down 0.67% while the BSE Mid-Cap index finished 1.27% down.CNX MIDCAP 50 index was down 1.64% and S&P CNX 500 was down around 1.41%. The SENSEX closed 202 points down at 16,677 and the NIFTY stood at 5,054 down by 66 points.
BSE SENSEX and NIFTY traded in a volatile session initially tanked later in second half as rising inflation data hit the sentiments. Inflation rose by 7.55 percent against 7.23 percent in previous month which would surely dampen the hopes for further monetary easing by Reserve Bank of India schedule to be announced on 18 JUNE. SENSEX took a long rally of 900 points up in previous eight sessions except today lost more than 200 points. Weak European market opening further added the fuel to the fire. Punjab National Bank, Tata Motor and IDFC led the downside rally while index heavy weight Infosys, Cipla and ACC Cements topped the buying list.