Wednesday 1 August 2012

Nifty Level for 2 August

Nifty level for tomorrow, Nifty Future, Nifty & bank nifty live updates, Nifty future Tips for monday, Nifty update, share tips for tomorrow, share in news

The markets closed with moderate gains today with healthcare, capital goods and realty being the biggest gainers. Metal and oil & gas closed with significant losses. The Sensex closed at 17257, up 21 points from its previous close, and the Nifty shut shop at 5240, up 11 points. The CNX Midcap index was up 0.9% while the BSE Smallcap index gained 1.1% in today's trade. The market breadth was positive with advances at 947 against declines of 490 on the NSE. The top Nifty gainers were Cipla, Kotak Mahindra Bank, Ambuja Cements and JP Associates while the biggest losers included Coal India, ONGC, Sesa Goa and Hero MotoCorp. 

For tomorrow 2 August, Nifty future will open positive.5325-5335 are trend decider for short term period. Nifty having support at 5205-5230. Nifty future looking week only below 5155 and major down fall will seem only below 5040.

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

Share in bullish mode: -POLARIS, ZEEL, SAIL                                                                                   

Share in bearish mode: - MCDOWALL-N