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Wednesday, July 4, 2012
Stock market Outlook and Nifty strategy 5 July
Stock Market Strategy :- Market traded at rangbound session and had teh profit closing today.After the friday rally,and the european union summit stock market traded with consolidate phase and the trading volume is also low compare to previous months.Due to positive global setiments, metals and rate-sensitives segments like realty and auto market have to come back on positive bias.
Nifty strategy for tomorrow 5 July :- Nifty is going to open around 5315 level.Due to having the closing above 5300 after April so nifty is expecting some good gains for tomorrow in the opening trading session and the late trading session nifty market may have bearish trend. Support - 5275/5250 Resistance - 5320/5340