Nifty Movement for tomorrow 6 August 2013

Nifty support & Resistance, Metal, Banks Index, Top gainer and losers, Midcap, Small cap, BHEL, 6 August 2013

The markets closed with marginally gains today with INFRA being the biggest loser and METAL, BANKS being the biggest gainer. The Sensex closed at 19182.26, up 18.24 points from its previous close, and the Nifty closed at 5685.40, up 07.50 points. The CNX Midcap index was up 0.76% while the Smallcap index gained 0.38%. The market breadth was neutral with advances at 601 against declines of 594 on the NSE.

Benchmark Index Nifty will open slightly negative, support at 5663-5635 and resistance at 5728-5751. Bearish mood will active only below 5667 and below 5627 may be it can create panic in Indian markets. High volatility will expect and nifty will trade in broader range. For risky trader suggested to go short if market will give flat or positive opening with stop loss of 5728. Carry short position of MARUTI.

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