Markets Outlook For Tomorrow 06-July

It was sluggish trading session in Indian Stock Markets. Both indices traded choppy and closed in red with moderate loss.

On daily charts, we can see that Nifty is again consolidating in a range and may face resistance at the down sloping trend line. For Nifty Intraday trading immediate resistance is seen at 5675-5725 levels whereas the major resistance is seen around 5750 level. As, Nifty is consolidating in the band of 5605-5705 so if it breaks 5605 decisively than some selling pressure may be seen and in that case the support level may be seen at 5560-5528.

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Intraday Share Tips For Tomorrow 05-July

DLF Ltd.
Buy above 234 for target of Rs 237-239.65-242 with placing a stop loss of Rs 230.

Hindalco Industries Ltd.
Buy above 190.40 for target of Rs 193-195-196.55 with placing a stop loss of Rs 188.

Eros International Media Ltd.
Buy at 192-193 for target of Rs 195-196.80-198.65 with placing a stop loss of Rs 189.

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Nifty Outlook For Tomorrow 05-July

It was positive start from Indian Stock Market, in which both indices (Nifty and Sensex) faced some volatility and closed in green with moderate gain.  For the coming days, Nifty is likely to continue to face resistance in the range of 5,690-5,735 whereas the 200 days SMA lies around 5,750 which is also likely to act as crucial resistance in the coming days.

Nifty Intraday Tips For Tomorrow (05-July) :
Trade long in Nifty above 5665 for target of Rs 5684-5602-5620 with placing a stoploss of Rs 5640.

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Intraday Share Tips For Monday 04-July

Piramal Glass Ltd.
Buy above 130 for target of Rs 133-135-136.65 with placing a stop loss of Rs 127.10.


Jindal Poly Films Ltd.
Buy around 306 for target of Rs 310-312-315 with placing a stop loss of Rs 301.25.

Rural Electrification Corporation Ltd.
Buy above 198 for target of Rs 201-203-204.75 with placing a stop loss of Rs 195.50.

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Nifty Trend For Monday 04-July

After testing 5700 level Nifty witnessed profit booking and came down near to low of the day. Nifty is likely to consolidate in the range of 5,500-5,750. The market trend in July month is expected to be influenced by the progress of monsoon showers in India as well as the announcements of corporate results for Q1FY12.

Nifty Intraday Levels For Monday (04-July) :
Nifty could find resistance 5665-5710 levels and support can be seen at 5588-5550 levels.

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