MARKETCALLS

This week market may remain highly volatile and may end negative

Last week Banknifty lost 189 points and closed at 9212. Last week we saw that banknifty took good start and made high of 9442 but could not cross 9500 level and closed at 9212. Major key concern news which drage down banknifty is Europe problems, Rupee Devaluation and Worst Q4 GDP data. In coming week if Europe create more problems then we may see panic on worldwide stock markets. Our Indian markets may create new low. Banknifty closing base support at 9072. If banknifty close below this level  then it may create panic upto 8995 and more.

BANKNIFTY STOCKS AS PER 01-06-2012, FRIDAY CLOSING DATA

SYMBOL	LTP	% Chng	52w H	52w L	365 d
					% chng
BANK NIFTY	9,267.60	-1.84	11,451.25	7,766.35	-16
ICICIBANK	781.45	-0.23	1,111.80	641	-27.96
AXISBANK	966.9	-0.42	1,367.55	784	-24.36
INDUSINDBK	295.5	-0.97	370	222.15	11.64
SBIN	2,025.00	-1.51	2,529.70	1,571.10	-13.06
CANBK	393.3	-2.19	566	341.3	-28.12
YESBANK	321.85	-2.43	388.7	230.5	7.95
BANKINDIA	332	-2.6	468.8	261	-23.34
HDFCBANK	490.15	-3.17	2,583.30	400.25	2.19
PNB	726.9	-3.79	1,202.00	703.5	-34.05
KOTAKBANK	541.95	-3.82	602.75	411	22.86
UNIONBANK	192.9	-4.34	328	155.45	-40.64
BANKBARODA	654	-5.05	948.45	615	-24.5

• KEEP SL IN SYSTEM NOT IN YOUR MIND.
• KEEP STRICT SL IN EVERY TRADE AND POSITIONS
• BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN TRADE.

BANKNIFTY WEEKLY CHART

BANKNIFTY WEEKLY CHART

WEEKLY BANKNIFTY SUPPORT 9072 AND RESISTANCE 9399

BANKNIFTY FUT. (9212)Buy above 9410 Target 9519-9594-9716
Sell below 9160 Target 9114-9025-8925

-Always Remember, put SL in your every trade.
- Weekly Levels are Closing Basis, so follow on closing time.

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Rupesh Yatesh Dalal
Head Research Department

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