INTRADAY STOCK TIPS FOR TODAY: Nifty Trend For Tomorrow|Market Prediction For Tomorrow(8 July 2011)

Thursday, July 7, 2011

Nifty Trend For Tomorrow|Market Prediction For Tomorrow(8 July 2011)

Market Prediction For Tomorrow 8 July:-

Today Market is on week's highest note and all sector of the market is closed at its positive note.Both market indices Nifty and sensex closed above its psychological barrier.Today Bharti airtel,reliance industries,NTPC are the heavy contributor to make the market in green note.Sensex closed at 19079 (provisional), up 352 points from its previous close.CNX midcap index is up with 1.2% and BSE small cap is up with 1%.

Nifty Trend For Tomorrow 8 July:- Today Nifty is closed above its psychological barrier and outperform the border and end at 5728 (provisional), up 102 points.and in nifty Bharti Airtel was the heavy contributor.in NSE 940 stocks are in up position and 359 stocks are in down position.

Nifty Level for 8 July:-

Resistance:- NIFTY has first resistance level at 5759 and last resistance level at 5815 for 8 July.

Support:- Nifty has first resistance level at 5738 and last resistance level at 5678 support level for 8 July.

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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."