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

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 24TH JULY 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 24TH JULY 2012

NIFTY OUTLOOK FOR 24TH JULY 2012

NIFTY SPOT LEVEL

TREND - BEARISH

 

 

 

SUPPORT 1 5095
SUPPORT 2 5070
RESISTANCE 1 5150
RESISTANCE 2 5185

BANK NIFTY FUTURES

TREND- BEARISH

 

 

 

SUPPORT 1 10220
SUPPORT 2 10160
RESISTANCE 1 10370
RESISTANCE 2 10460

EXPERT VIEW
Nifty support at 5100: Udayan Mukherjee

Managing Editor of CNBC TV -18 , Udayan Mukherjee says that global signal is not so worse .Stability can be seen in the Indian market.According to Udayan Mukherjee is continued volatility in the global markets. The Sensex has slipped to around 5,100 by 5350. But this level are not expected to be under rated. Nifty level of 5,100 in today's session will be supported. With the increase is not expected to be up to 5,150 Nifty.

23RD JULY PERFORMANCE:

CROMPTGREAVE FUT 3TG, POS KOTAKBANK FUT 3TG,

BANKNIFTY PUT 3TG, MASTEK 3TG,

LNT PUT 2TG, CROMPTGREAV PUT 2TG,

NIFTY FUT 2TG, ASIAN PAINT FUT 2TG,

SRTRANSFIN FUT 2TG, BF UTILITIES FUT 1TG,

CANARA BANK FUT 1TG, DEN NETWORK 1TG,

HYDERABAD IND 1TG,BTST JUBLFOOD FUT &

BAJAJ AUTO FUT, STBT PRAJ INDUSTRIES FUT

TG ACHIEVED