Stock Market For Tomorrow (05th-Aug)

It was a cheerful day for the Indian markets which traded a flat session for most part and closed at the high point of the day as well as highest of the last 52 weeks after a last-minute surge on the back of strong buying. All the IT stocks in NIFTY were among the top gainers. FMCG stocks had a good day with HUL and ITC looking up. Banking stocks attracted profit booking today and were subdued.

For trading tomorrow market expected to follow bullish trend, and may continue its growing phase. Nifty should find support level at 5,380-5350 and resistance at 5500-5530. On an intraday basis Sensex should find support at 17962-17880 and resistance at 18340-18500.

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