STOCK MARKET REVIEW: 9TH APRIL 2012
BSE Small-Cap index was down by 0.65% while the BSE Mid-Cap index finished 1.35% down.CNX MIDCAP 50 index was down 1.90% and S&P CNX 500 was down around 1.66%.
The SENSEX closed 264 points down at 17,221 and the NIFTY stood at 5234, down by 88 points.
BSE SENSEX and NIFTY crashed by 1.51 percent and 1.66 percent respectively on the very opening session of the week after a long weekend. Markets traded more over the global sentiments than to the local ends as lower than expected non-farm and pay roll data presented by U.S worried over the total economy growth. It indicated the lower opening for global markets down by 1-1.5 percent for ASIAN MARKETS. SENSEX and NIFTY hammered down by the banking, metal and capital goods stocks.
Nifty Gainers
Today's nifty top gainer were
RANBAXY changed 4.10% with 18, 25,457 volumes
DRREDDY changed 2.11% with 3, 92,138 volumes
CIPLA changed 1.67% with 7, 82,773 volumes
Nifty Losers
Today's nifty top losers were
HUNDALCO with volume 73, 30,470 and changed -5.48%
CAIRNS with volume 17, 57,906 and changed -5.25%
IDFC with volume 37, 83,456 and changed -5.01%
NIFTY OUTLOOK FOR 10th APRIL 2012
NIFTY SPOT LEVEL
TREND - BEARISH
SUPPORT 1
5210
SUPPORT 2
5190
RESISTANCE 1
5270
RESISTANCE 2
5310
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1
10070
SUPPORT 2
10020
RESISTANCE 1
10210
RESISTANCE 2
10300
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Traders we are looking for the move during this period and we are going into the middle of the week and stocks have pulled back and the selling is there for only a trade during this period only lets keep this in perspective.