Monday, June 4, 2012

Stock market outlook for tomorrow 5 June 2012

Stock market outlook :- Market closed at positive note after the negative end opening in the morning session.The breadth of the market improved on late recovery. About 1231 shares advanced, 1425 shares declined, and 768 shares remain unchanged. Rate sensitive stocks also led the recovery after Deputy Governor Subir Gokarn hints that the Reserve Bank of India has some room to reduce policy rates following moderate core inflation and soft global oil prices. 
Nifty trading levels for 5 June :- For tomorrow nifty has resistance level at 4881 if this will cross then next resistance level would be at 4973.Nifty has support at 4789 if this will break then next support level would be at 4697. 
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