Monday 9 July 2012

SHARE TIPS TOMORROW 10 July


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The markets closed with significant declines today will all sectoral indices closing negative. The Sensex closed at 17372 (provisional), down 150 points from its previous close, and the Nifty closed at 5270 (provisional), down 47 points. The CNX Midcap index was down 1.6% while the BSE Smallcap index lost 1.1%. The market breadth was negative with advances at 421 against declines of 1028 on the NSE

Benchmark Index Nifty will open slightly negative, support at 5220-5185. 5200-5185 is very good support for nifty and hope hold this, below 5170 we can see new bearish rally in stock market. Risky trader can buy nifty future at lower level with stop loss of 5165 or go short at 5280 to 5295 with stop loss of 5310.
Our outlook is negative for short term and advise to go short on higher level 
Support :- 5220-5205-5185
Resistance :- 5292-5310-5330

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