MARKET COMMENTARY 17 JULY 2012

Topic :- Time: 1:30 Pm

Commodity Corner:

LEAD VIEW:

LEAD is dealing at 104.75 stage. If LEAD controls to business and maintain above 105 stage then it is likely to demonstrate some more up move and if it smashes and business below 104.50 stage then some revenue arranging can adhere to in it.

Topic :- Time:- 1:10 Pm 

Equity Corner:-

Europe has started out in the natural and is dealing greater while the Native Indian industry is smooth and range bound. Great identify if controls to business and maintain above 5220 then Great is likely to demonstrate some up move and if it smashes and business below 5185 then some revenue arranging can adhere to in the marketplace. The industry depth is adverse with developments at 533 against decreases of 844 on the NSE.

Topic :- Time: 12:30 Pm 

Commodity Corner:

MENTHAOIL VIEW:

MENTHAOIL is dealing at 1322 stage. If MENTHAOIL controls to business and maintain above 1330 stage then it is likely to demonstrate some more up move and if it smashes and business below 1300 stage then some revenue arranging can adhere to in it.

Topic :- Time:12.10 PM

Its previous mid-day and the Native indian industry is still dealing in the good area at the same time still experiencing level of resistance at greater stages with the IT industry is experiencing some stress at this time. Sensex is on 17178, in the good by 74 factors since its previous near, while Great is on 5214, in the good by 17 factors. CNX Midcap catalog is down 0.2% and BSE Small cap catalog is down 0.02%. The industry depth is adverse with developments at 655 against decreases of 685 on the NSE.

Topic :- Time:- 11:35 Am 

News Warp Up:-

1.            Rupee up 43 paisa, at 54.88/dollar.

2.            Gujarat Pipavav Slot increases Rs350 cr via personal positioning.

3.            Godrej Qualities to create township venture in Panvel.

4.            Government postponed RINLs Rs2,500-cr IPO.

5.            South Native Indian Financial institution to increase Rs 500 cr from QIP.

6.            Reliance Enjoyment to get into movie industry in US, North America.

7.            BOC Indian hand baggage agreement from Tata Metal, to pay Rs 540 cr.

8.           Tata Metal to offer share in Netherlander buyer HKS.

Topic :- Time:- 11:00 AM 

Equity Corner:-

Nifty is displaying some revenue arranging now this some time to will be assistance around 5200. Great identify if smashes and business below its assistance area then we can see some more revenue arranging in the marketplace and some restoration can adhere to in the Great if Great identify controls to business and maintain above 5220-5230. The industry depth is adverse with developments at 752 against decreases of 538 on the NSE.

Topic :- Time: 10:30 Pm 

Commodity Corner:

POTATO VIEW:

POTATO is dealing at 1316 stage. If POTATO controls to business and maintain above 1330 stage then it is likely to demonstrate some more up move and if it smashes and business below 1305 stage then some revenue arranging can adhere to in it.

Topic :- Time:- 10:10 Am 

Equity Corner:-

After a gap up starting, Great is still dealing in natural area. Great identify if controls to business and maintain above 5235 stages then we can see some restoration predicted in the marketplace. Else Great identify smashes and business below 5220 then some revenue arranging can adhere to in the marketplace. However 5250 identify will be the immediate proof for the Great. The industry depth is good with developments at 854 against decreases of 367 on the NSE.

Topic :- Time:- 9:45 Am 

Commodity Corner:- 

OPENING EXPECTATIONS:-

GOLD EXPECTED TO OPEN SLIGHTLY BULLISH.

SILVER EXPECTED TO OPEN SLIGHTLY BULLISH.

COPPER EXPECTED TO OPEN SLIGHTLY BULLISH.

CRUDEOIL EXPECTED TO OPEN BULLISH.

NATURALGAS EXPECTED TO OPEN SLIGHTLY BEARISH.

Topic :- Opening Note

Indian indices are likely to rise at the opening bell today after falling in the past four trading sessions. Asian markets have  ignored the overnight losses on Wall Street . The US stock markets ended lower while the European markets managed snatch gains.

The IMF has slashed India’s GDP growth projection to 6.1% for 2012. But, the RBI is unlikely to get swayed by slowing GDP as inflation remains sticky. The IMF has cut global growth forecast for 2013 to 3.9% from 4.1% predicted in April.

Investors will watch Federal Reserve chief Ben S. Bernanke’s testimony before the Congress later today. World markets could shift either way depending on what Bernanke says about the state of the US economy and the American central bank's monetary policy stance.

Main Results Today: Automotive Stampings, Axis Bank, Bajaj Finserv, Bajaj Finance, GIC Housing, GMM Pfaudler, Hercules Hoist, Kirloskar Pneumatic and Triveni Turbine.