INTRADAY STOCK TIPS FOR TODAY: Nifty Levels |Stock Market View for monday 9 July

Friday, July 6, 2012

Nifty Levels |Stock Market View for monday 9 July

Stock Market View For Monday :- Stock market had the rangbound trading session for this weak but for the upcoming week market breakout on the upside is quite limited.and expected that market may go for downside and may breach of 5280-5260.From TCS and Infosys are showing some positive move due to earning numbers but also it may come with little volatility.for next week pharma sector is showing some positive moves.

Nifty Levels :- For Monday Nifty is going to trade between the broad resistance level of 5330 to 5350 and support at 5300 to 5270.

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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."