Nifty for tomorrow 30 july

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The markets closed with significant gains today with metal, FMCG and IT being the lead gainers. Auto and banking, too, gained significantly while realty, capital goods and healthcare closed with moderate declines. The Sensex closed at 16839, up 199 points from its previous close, and the Nifty shut shop at 5100, up 57 points. The CNX Midcap index was down 0.6% while the BSE Smallcap index lost 1% in today's trade. The market breadth was negative with advances at 478 against declines of 961 on the NSE. The top Nifty gainers were Sterlite Industries, Tata Steel, Tata Motorsand HDFC Bank while the biggest losers included PNB,SBI, Bank of Baroda and JP Associates.

The markets lost significantly during the week with FMCG being the only sector that managed to close positive. The Sensex was down 2% and Nifty lost 2.1% over the week. The CNX Midcap index closed with 4.6% loss, BSE Smallcap lost 4.8% while the Bank Nifty closed with 3.4% loss. The BSE Power was down 5.2%, BSE Metal lost 4.6% while BSE Auto closed with 3.2% declines during the week. The BSE IT was down 2%, BSE OilGas lost 1.4% and BSE Realty tumbled 6.85% over the week. The BSE Capital Good lost 6.6%,BSE Consumer Durables was down 2.34% while BSE FMCG gained 0.74%. The top Nifty gainers during the week were HCL Tech, Ambuja Cements and HUL while the biggest losers included PNB, SAIL and JP Associates.

For Monday 30 July, Nifty future will open with Positive nods. Major resistance for nifty future is 5157-5180. RBI announcement and micro economy data will decide market movement. 5040 act like last hopes of bulls; below this we can see 4920-4860 instantly.

Outlook is negative for short term and suggested to go short on higher level with proper stop loss

Share in bullish mode: - MCX, JAGRAN, TI, UNIPHOS, J&KBANK and HDIL                                     
Share in bearish mode: - AARTIND, GEINDSYS, KEC and UFLEX