MARKET COMMENTARY 23 JULY 2012

Topic :- Time:- 2:30 Pm 

Commodity Corner:-

CRUDEOIL Aug now dealing at 4980 stages.

If CRUDEOIL controls to company and maintain above 4985-4980 stage then it is likely to demonstrate some up shift until 5020-5050 stages and if it smashes and company below 4960 stage then some revenue arranging can adhere to in this asset until 4925-4880 stages.

Topic :- Time:- 2:00 Pm

Equity Corner:-

Nifty is dealing low at 5129.55. 75 factors below from its previous near. Great identify if controls to company and maintain above 5140 then some more upmove can adhere to in the marketplace and if it smashes and company below 5115 then some revenue arranging can be seen in the marketplace. The industry depth is adverse with decreases at 1059 against developments of 343 on the NSE.

Topic :- Time:- 1:30 Pm

Commodity Corner:

POTATO VIEW:

POTATO is dealing at 1324 stage. If  POTATO controls to company and maintain  above 1330 stage then it is likely to  display some more upmove and if it smashes  and company below 1300 stage then some  revenue arranging can adhere to in it. 

LME Stocks:

Lead: -1975 MT

COpper: -675 MT

Zinc: -3875 MT

Nickel: -36 MT

Aluminium: +18075 MT 

Topic :- Time:- 1:05 Pm

Equity Corner:-

Nifty will experience significant proof at 5160 stage. IF Great contact intraday and maintain above that stage then some more restoration can be seen in the Native indian industry. AND Great catalog smashes 5135 stage then some more revenue getting in the marketplace. The industry depth is adverse with developments at 343 against decreases of 1039  on the NSE. 

Topic :- Time:- 12:30 Pm

Commodity Corner:

MENTHAOIL VIEW:

MENTHAOIL is dealing at 1316 stage. If MENTHAOIL controls to company and maintain above 1360 stage then it is likely to demonstrate some more upmove and if it smashes and company below 1300 stage then some revenue arranging can adhere to in it. 

Topic :- Time: 12:10

Equity Corner:-

Its previous mid-day and the Native indian industry is dealing in the adverse area with both standard spiders dealing in the times levels. Sensex is on 16963, in the adverse by 195 factors since its previous near, while Great is on 5141, in the adverse by 63 factors. CNX Midcap catalog is down 1.1% and BSE Smallcap catalog is down 0.6%. The industry depth is adverse with developments at 399 against decreases of 967 on the NSE. 

Topic :- Time:- 11:30 Am

News WarpUp:-

1.            Rupee dealing at minimum since September 13.

2.            Rcom moves after Singapore IPO put on keep.

3.            Pranab Mukherjee becomes Thirteenth Chief executive of Native indian.

4.            Bajaj Vehicle desires 50% of revenue to come from exports in 3 yrs.

5.            FII influx into inventory marketplaces passes across $10 bn indicate.

6.            JSPL to buy Canadas CIC Power for $115 mn.

7.            SAIL-NINL merging offer scrapped.

8.            Tube Investment strategies to obtain Shanthi Equipment for Rs292 cr.

9.            Bajaj Finserv programs to get into success control company soo.

10.          RIL prevents US lobbying for 3rd one fourth in a row. 

Topic :- Time:- 11:00 Am

Equity Corner:-

Weakness has improved NIFTY Spot now dealing at 5150.40. 54.75 factors below from its last near.

Now if NIFTY identify controls to company and maintain above 5150-5145 stages then some restoration can adhere to in industry until 5185-5220 stages. 5220(spot) now will act as a Major Level of resistance. Only above 5220(spot) it NIFTY controls to company then some brief protecting can adhere to along with some clean purchasing which can take nifty to further greater until 5280-5350-5420 stages in near phrase.

Else if NIFTY identify crack and isn't able to maintain above 5150-5145 stages then some more revenue arranging can adhere to until 5120. 5120(spot) now will act as a Major Assistance. Below 5120(spot) we can see some clean and anxiety promoting stress which can take nifty to further reduced until 5085-5050 stages soon.

The industry depth is adverse with developments at 392 against decreases of 911 on the NSE.

Topic :- Time:10:30 Pm

Commodity Corner:

RMSEED VIEW:

RMSEED is dealing at 4361 stage. If RMSEED controls to company and maintain above 4400 stage then it is likely to demonstrate some more upmove and if it smashes and company below 4320 stage then some revenue arranging can adhere to in it. 

Topic :- Time:- 10:10 Am

Equity Corner:-

After Gap down starting Great is now dealing in red area with under stress. Great identify if  smashes and company below 5150 stage then Great is likely to demonstrate some more revenue arranging. And some restoration can be seen only nifty identify controls to company and maintain above 5160 then it is likely to demonstrate some upmove in the marketplace. However 5125 identify will be the significant support for the Great now. The industry depth is adverse with developments at 321 against decreases of 823 on the NSE. 

Topic :- Time:- 9:45 Am

Commodity Corner:-

OPENING EXPECTATIONS:

GOLD EXPECTED TO OPEN BEARISH.

SILVER EXPECTED TO OPEN BEARISH.

COPPER EXPECTED TO OPEN BEARISH.

CRUDEOIL EXPECTED TO OPEN BEARISH.

NG EXPECTED TO OPEN BEARISH. 

Topic :- Opening Note

Get ready for some early morning weakness amid a mix of domestic and overseas sentiments. Asian markets have fallen after concerns about Spain’s worsening fiscal health and fresh trouble for Greece sent US and European stocks into a deep pit on Friday.

US stocks closed at session lows on Friday, with the main indices erasing monthly gains on trepidation about Spain’s precarious fiscal condition. Wall Street investors will watch out for fresh signs of a slowdown this week, as they digest more earnings and economic reports.

Back home, the focus will be on New Delhi, now that the Presidential election is out of the way. The Congress-NCP tension is in the spotlight amid reports of an impending Cabinet reshuffle. The Centre will find it tough to act on pending reforms amid continued opposition on sensitive issues like diesel decontrol and FDI in multi-brand retail. Few parties, including SP, have written to the Prime Minister not to go ahead with FDI in multi-brand retail, according to reports. Monsoon deficit remains an even bigger problem as inflation continues to be sticky while the twin deficits too remain elevated.

The main indices likely to be largely rangebound before the F&O expiry on Thursday. The falling gap appeared between 5260 and 5312 in the Nifty has been acting as a major resistance in the near term. On the daily chart, the ‘hammer’ appearing in last Wednesday’s session has so far not fell below the 5169 levels; that raises the chances of the Nifty retesting 5260 once again.