MARKET UPDATES

SHREE GANESHAY NAMAAH !
Sensex hits over one-week closing low below 16,000
Nifty can correct till the 4650 levels in the immediate term unless positive surprises emerge from the domestic and euro zone
In NSE, the 4700 and up strike call option of the June series witnessed aggressive addition of OI due to writing, while the 4800 and lower strike put options witnessed addition of OI due to buying, indicating bearish mood prevailing in the market
NIFTY FUTURE :
Supp. 4724 / 4746 / 4768 / 4795
CMP: 4824.55
Resis. 4852 / 4880 / 4903 / 4925
BANK NIFTY FUTURE  :
Supp. 8960 / 9016 / 9072 / 9142
CMP : 9212.10
Resis. 9282 / 9350 / 9408 / 9465
Market Updates :
Key benchmark indices fell for the third straight day to hit their lowest closing level in over a week as global stocks faltered as investors dumped risky assets after data showing downbeat manufacturing activity from China to Europe raised doubts about global economic recovery. Reports indicating that monsoon rains over India's mainland will be delayed by about four days also weighed on sentiment. The barometer index, BSE Sensex fell below the psychological 16,000 mark. The Sensex was down 253.37 points or 1.56%, off close to 260 points from the day's high and up about 30 points from the day's low. The market breadth was weak.
From a recent high of 16,438.58 on 29 May 2012, the Sensex has declined 473.42 points or 2.87% in three trading sessions. The Sensex shed 1,100.28 points or 6.35% in May 2012 on euro-zone debt worries. The barometer index has gained 510.24 points or 3.3% in calendar 2012 so far (till 1 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 829.30 points or 5.47%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 3,166.54 points or 16.55%.
The market corrected sharply during the latter half of the weak as India's GDP growth numbers for Q4FY12 came in at just 5.3% as against consensus estimate of 6.1%. Spanish banking crisis threatens to further complicate the euro zone crisis. The macro data from the US was not that impressive either while the only global hope ‘China' too showed signs of slowdown as evident from the May PMI numbers. So the selling in the domestic market accelerated and is expected to continue for some more time.
Note : Data From Capital Market And Money Control !
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