Morning Brief for Thursday, August 1, 2013.

Morning Brief for Thursday, August 1, 2013.

The markets closed with significant declines today with FINANCE, REALITY and FMCG being the biggest loser. The Sensex closed at 19345.70, down 2.64 points from its previous close, and the Nifty closed at 5742, down 13.05 points. The CNX Midcap index was up 0.22% while the Smallcap index lost 0.90%. The market breadth was negative with advances at 437 against declines of 751 on the NSE.

Benchmark Index Nifty will open slightly Positive, support at 5701-5667 and resistance at 5752-5820. 1^st quarter Core industrial production slipped 80 % on year on year basis. Bullish mood will active only above 5755 and above 5777 may be it’s create sharp up move rally in Indian markets. High volatility will expect and nifty will trade in broader range. For risky trader suggested to go long if market will give flat or positive opening with stop loss of 5730. Carry long position of IBREALESTE

Our outlook is negative for short term and advice to go short on higher level