MARKET COMMENTARY 5 JULY 2012

Topic :- Time:2.30 PM

Commodity Corner:

CHANA VIEW:

CHANA is trading at 4443. CHANA will find its immediate support at 4525. If CHANA manages to hold its mentioned support level then it is likely to test 4570 level quite soon. Buy on every decline till it holds above 4525 levl is recommended in this commodity.

Topic :- Time:2.05 PM

Nifty is showing some momentum. Nifty spot if manages to sustain above 5320 level then it is likely to show some more upmove till 5360 levels quite soon and some profit booking is expected in the market only if it breaks and trade below 5320 level.The market breadth is positive with advances at 1072 against declines of 366 on the NSE.  

Topic :- Time:1.30 PM

LME STOCKS:

ALUMINIUM: +3750 MT

ZINC: +1775 MT

NICKEL: -96 MT

LEAD: -675 MT

COPPER: -800 MT

Topic :- Time:1.00 PM

Nifty is trading in same small range. Nifty spot if manages to trade and sustain above 5320 then it is likely to show some upmove and if it breaks and trade below 5390 then some profit booking can follow in the market however 5270-5265 will act as immediate support to watch out for. The market breadth is positive with advances at 1022 against declines of 393 on the NSE.

Topic:- :- Time:12.20 PM

The Native indian industry has grabbed some strength in the last one time and has shifted into the natural area although still among minor profits only. Sensex is on 17484, in the good by 21 factors since its past near, while Great is on 5306, in the good by 4 factors. CNX Midcap catalog is up 0.6% and BSE Smallcap catalog is up 1.2%. The industry depth is good with developments at 998 against decreases of 412 on the NSE.

Topic :- Time: 12:00 PM

Commodity Corner:

SILVER VIEW:

SILVER is dealing at 54081 stage. If SILVER controls to business and maintain above 54250 stage then it is likely to demonstrate some more upmove and if it smashes and business below 53800 stage then some revenue arranging can adhere to in it.

Topic :- Time:- 11:30 Am

News WarpUp:-

1.            Rupee down 56 paise to 55.05/dollar.

2.            KEC Worldwide profits on Rs 795-cr new purchases.

3.            Poonawalla Team gets Netherlands-based co for Rs 550 cr.

4.            Mahindra inaugurates two-wheeler R&D center to release 3 bicycles.

5.            Reliance Infra revenue Solapur-Kolhapur indication range.

6.            IFFCOs energy arm postpones Rs 600-cr IPO.

7.            Power from Petronets Kochi terminal to price Rs 15/unit.

8.            Prez elections may help FDI to get moving in multibrand store.

Topic :- Time:- 11:00 Am

Equity Corner:-

Nifty is dealing smooth at 5299.80. 2.80 factors below its starting stage. Great identify if controls to business and maintain above 5310 then some more upmove can adhere to in the marketplace and if it smashes and business below 5280 then some revenue arranging can be seen in the marketplace. The industry depth is good with developments at 940 against decreases of 382 on the NSE.

Topic :- Time: 10:30 Am

Commodity Corner:

GOLD VIEW:

GOLD is dealing at 29670 stage. If GOLD controls to business and maintain above 29750 stage then it is likely to demonstrate some more upmove and if it smashes and business below 29620 stage then some revenue arranging can adhere to in it.

Topic :- Time:- 10:10 Am

Equity Corner:-

After a good smooth begin, the industry is dealing smooth and silent. Great is now dealing in Green area. Great identify if controls to business and maintain above 5310 then it is likely to demonstrate some upmove and if it smashes and business below 5280 stages then Great is likely to demonstrate some revenue arranging. The industry depth is good with developments at 909 against decreases of 365 on the NSE.

Topic  :- Time:9:45 Am

MCX OPENING EXPECTATIONS:

GOLD EXPECTED TO OPEN FLAT.

SILVER EXPECTED TO OPEN FLAT.

CRUDEOIL EXPECTED TO OPEN FLAT.

COPPER EXPECTED TO OPEN FLAT.

NATURALGAS EXPECTED TO OPEN FLAT

Topic  :- Time :9:00 Am

Be ready for a quiet start as investors await the outcome of monetary policy meetings in Europe and the UK. Market participants will also examine US data on weekly jobless claims, ADP private sector employment and ISM service sector PMI before Friday’s crucial monthly payroll report.

This time when the so-called 'God particle' appears to have been found, the markets around the globe are expecting for visible and invisible forces to bring a big bang.

US markets were shut on Wednesday for the Independence Day holiday. European markets finished lower.

This month Q1 FY13 results, besides data on IIP and inflation will be the events to keep an eye on. The RBI's month-end policy meeting is also likely to be crucial for the Indian markets.