INTRADAY STOCK TIPS FOR TODAY: Nifty Trend|Share Market Prediction For Tomorrow 2 August

Monday, August 1, 2011

Nifty Trend|Share Market Prediction For Tomorrow 2 August

Share Market Prediction For Tomorrow 2 August :-

Dear Visitors Today Share market perform well the starting of the august month was with strong note.Both Share market indices closed with positive note.share market was rang bound for some time and it got volatile.Sensex closed at 18314 up 117 points.

Nifty Trend For Tomorrow 2 August:-Today Nifty closed with green note and closed up its physiological barrier .Nifty closed at 551 up 35 points.

Nifty Level(Support and Resistance level for 2 August):-

Resistance:-Nifty has its first resistance level at 5512 and last resistance level at 5460.

Support:-Nifty has its first support level at 5548 and last support level at 5592.

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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."