Wednesday 4 July 2012

Intraday Nifty Trading Tips For Today 5 July 2012

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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.
 
NIFTY SPOT LEVEL   
TREND – BEARISH 5 July 2012

SUPPORT 1
5275
SUPPORT 2
5250
RESISTANCE 1
5320
RESISTANCE 2
5340







BANK NIFTY FUTURES   
TREND- BEARISH 5 July 2012

SUPPORT 1
10485
SUPPORT 2
10450
RESISTANCE 1
10550
RESISTANCE 2
10585

 
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The Indian Stock Market Today traded quite good and almost was in green rather than the midpoint in the noon. The Metal and banks helped and dragged the market to close in green.
Intraday Trading Tips for Tomorrow  Thursday 5 July 2012, :-
Buy Alstom Projects with a target of Rs 540 and stop loss of Rs 350
Buy Mahindra & Mahindra with a nine-month target of Rs 764
Hold Reliance Power with a target of Rs 120-125
Buy Punj Lloyd with a target of Rs 56 and stop loss of Rs 48
Buy IRB Infra with a target of Rs 144 and stop loss of Rs 125
Buy IDFC July Futures with a 4-5 day target of Rs 147 and stop loss of Rs 132
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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