Thursday, August 4, 2011

Nifty Levels: Intraday Prediction for 5th August 2011

On the back of slowing global growth rate and heavy sell off in major stocks like M&M , ITC and Reliance the Indian markets fell over 1%.
Spot Nifty after opening in green continued a choppy session till mid afternoon and then plopped down to its day low 5324.55. Nifty finally closed near the same at 5331.80 down 73 points.
Nifty Futures stopped at 5339.80 and dripped 84.60 points. Now If it traded below 5325, it may drag below 5300 mark. The Resistance for Nifty is seen near 5370 above which it may see some upside. Broad positive momentum is expected above 5440 only. 

1 comments: said...

good article for understanding of investors

must read. keep up the good work

Posted By Commodity MCX Tips