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STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 13TH AUG 2012

NIFTY OUTLOOK FOR 13TH AUG 2012

NIFTY SPOT LEVEL

TREND - CONSOLIDATION

 

 

 

SUPPORT 1 5300
SUPPORT 2 5275
RESISTANCE 1 5335
RESISTANCE 2 5350

BANK NIFTY FUTURES

TREND- CONSOLIDATION

 

 

 

SUPPORT 1 10270
SUPPORT 2 10180
RESISTANCE 1 10450
RESISTANCE 2 10540

STOCK MARKET REVIEW: 10TH AUG 2012


BSE Small-Cap index was down 0.24% while the BSE Mid-Cap index finished 0.07% up.CNX MIDCAP 50 index was down 0.11% and S&P CNX 500 was down around 0.08%. The SENSEX closed 3 points down at 17,557 and the NIFTY stood at 5,320 down by 2 points.

BSE SENSEX and NIFTY benchmarks ended in consolidation due to the bad news from the corporate front which kept on pouring this week, denting investor's sentiment. VERITAS-INDIABULLS tangle, tepid IIP numbers and substandard results from sectoral heavyweights like SBI, RANBAXY and BHARTI AIRTEL sums up the entire week. The NIFTY is witnessing a choppy session in the absence of positive cues from the global peers. Gains in oil & gas, technology and FMCG were offset by losses in auto, banks and reality sectors.

http://stock-market-calls.blogspot.in/2012/08/stock-market-calls-nifty-outlook_12.html