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Businesses slashed inventories at the wholesale level for a record 10th consecutive month in June, a decline that has contributed to the longest recession since World War II.

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 For free calls fill the Free Trial form