MARKET COMMENTARY 10 JULY 2012

Topic :- Time:3.00 PM

Nifty is displaying some activity now. Great identify if controls to shut above 5340 then it is likely to demonstrate some more upmove in next few dealing classes and near below 5340 identify stage will once again outcome in some gradual activity in the marketplace.The industry depth is excellent with developments at 966 against decreases of 460 on the NSE.

Important Result Update:

1. IndusInd Financial institution Q1 income review has come in with PAT at Rs 236 crores compared to Rs 180 crores, NII at Rs 480 crores compared to Rs 390 crores (YoY).

Topic :- Time:2.30 PM

Commodity Corner:

COCU AUGUST VIEW:

COCU AUGUST is dealing at 1470. If COCU controls to company and maintain above 1475 then it is likely to analyze 1500-1520 stages quite soon and if it smashes and company below 1450 after splitting 1470 then it is likely to demonstrate some income arranging.

Topic :- Time:2.00 PM

Nifty is now displaying some strength. Great identify if controls to company and maintain above 5330 then it is likely to demonstrate some excellent upmove and 5300 identify will act as immediate Assistance for the Great identify.The industry depth is excellent with developments at 926 against decreases of 493 on the NSE. 

Topic :- Time:1.30 PM

LME STOCKS:

ALUMINIUM: -6000 MT

ZINC: -2500 MT

COPPER: -75 MT

LEAD: -500 MT

NICKEL: -54 MT 

Topic :- Time:1.10 PM

Nifty is dealing quite smooth and boring now. Great identify if controls to company and maintain above 5310 then some upmove can be seen in the marketplace and 5330 identify will act as immediate Level of resistance for the Great. Great identify if smashes and company below 5290 then some income arranging can adhere to though 5260 identify will be immediate support for the Great.

Topic :- Time: 12:30 Pm

Commodity Corner:

COPPER VIEW:

COPPER is dealing at 422.35 stage. If COPPER controls to company and maintain above 427 stage then it is likely to demonstrate some more upmove and if it smashes and company below 420 stage then some income arranging can adhere to in it. 

Topic :- Time:12.15 PM

The Native indian industry is dealing in the excellent area, having onto their beginning profits. Sensex is on 17497, in the excellent by 105 factors since its past near, while Great is on 5306, in the excellent by 31 factors. CNX Midcap catalog is up 0.9% and BSE Smallcap catalog is up 0.6%. The industry depth is excellent with developments at 918 against decreases of 446 on the NSE.

Topic :- Time:11.30 AM

Indian Inventory Market Information Cover up:

1. OnMobile CEO Arvind Rao resigns.

2. Mukesh Ambani project goes into into JV with UK co

3. Tata Engines to buy car areas from Chinese suppliers at incredible price

4. Ranbaxy CEO preparing development in US, elsewhere

5. Chinese suppliers May imports factor to flagging household demand

6. Quick restoration of Rs 7,800 cr Kingfisher debts unlikely: SBI

7. Rupee profits 9 paise, at 55.83/dollar

8. Sundaram Business gazes at Rs30cr offshore revenue

9. Essar Natural 3 records grabbed by Gujarat govt

10. L&Ts arm purchases Henikwon Corporation

Topic :- Time:11.00 AM

Nifty identify if controls to company and maintain above 5300 then it is likely to demonstrate some upmove and if it smashes and company below 5290 then some income arranging can adhere to in the marketplace. The industry depth is excellent with developments at 877 against decreases of 427 on the NSE.

Topic :- Time: 10:30 Am

Commodity Corner:

SILVER VIEW:

SILVER is dealing at 53318 stage. If SILVER controls to company and maintain above 53600 stage then it is likely to demonstrate some more upmove and if it smashes and company below 53200 stage then some income arranging can adhere to in it.

Topic :- Time:- 10:10 Am 

Equity Corner:-

After Gap up starting Great is now dealing smooth in Natural. Great identify if controls to company and maintain above 5310 then it is likely to demonstrate some upmove and if it smashes and company below 5280 stages then Great is likely to demonstrate some income arranging. The industry depth is excellent with developments at 885 against decreases of 355 on the NSE.

Topic :- Time:- 9:35 Am 

Commodity Corner:-

OPENING EXPECTATIONS:

GOLD EXPECTED TO OPEN BEARISH.

SILVER EXPECTED TO OPEN BEARISH.

CRUDEOIL EXPECTED TO OPEN BEARISH.

COPPER EXPECTED TO OPEN BEARISH.

NATURALGAS EXPECTED TO OPEN BULLISH.

Topic :- Time 9:00 Am

Today’s opening is likely to be muted due to mixed global cues. The Asian indices are holding steady after Alcoa’s results beat estimates and EU finance ministers agreed to agreed to give Spain €30bn by the end of this month. Oil declined after Norway ended a strike by energy workers. In addition, China’s trade surplus widened in June as exports jumped and imports fell. US and European markets finished lower on Monday. 

Notwithstanding with high inflation and elevated fiscal deficit, bankers and India Inc. are now pleading with the RBI for a fresh dose of monetary easing to revive the so-called “animal spirits”. However, the RBI Governor is unlikely to oblige when it meets on July 31. IIP and inflation data will have some bearing on the central bank’s stance, and so will the Rupee and global commodity prices.

The IT space will be in focus in the run up to the results of Infosys and TCS on Thursday