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

Market movement on Event of RBI Policy

Market movement on Event of RBI Policy, Nifty Support & Resistance, Midcap shares, Small cap shares, free tips for tomorrow.

The markets closed with significant declines today with FMCG and MNC being the biggest loser. The Sensex closed at 19593, down 158.80 points from its previous close, and the Nifty closed at 5831.65, down 54.55 points. The CNX Midcap index was down 1.29% while the Smallcap index lost 1.56%. The market breadth was negative with advances at 326 against declines of 822 on the NSE.

Benchmark Index Nifty will open slightly negative, support at 5803-5750 and resistance at 5872-5897. RBI policy will decide market movement for coming days. Bearish mood will active only below 5817 and below 5790 may be it’s 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 5895.

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

Nifty for week, Share market weekly forecast, Market Action for Next Week, Share for next week, major event in next week, RBI Policy effect on share market

The markets closed with significant declines this week with most of sectorial indices closing negative. The Nifty was down 2.37% over the week. The CNX Midcap index closed with 3.88% loss, CNX Small Cap lost 4.31% while the Bank Nifty closed with 4.64% loss. The CNX Metal closed with 6.49% loss, CNX Energy closed with 3.23% loss and Realty was down 2.36%. The Auto lost 0.19%, Consumer Durables was down 1.9% and CNX IT closed with 2.18% gains. The top Nifty gainers during the week were HEROMOTOCO, SUNPHARMA, BAJAJAUTO, DLF and INFY while the biggest losers included JPASSOCIATE, AMBUJACEMENT, LT and Jindal Steel.

For Monday July’28, Bench marks Index Nifty will open on Negative nods and having very Resistance at 5930-5990 and support at 5865-5827 now. For the week nifty range will be 5805-5980 and below 5815 or closing below 5825 we can see 5750-5660 instantly. Major event which highly effected to stock market is RBI POLICY on Tuesday July’29.

Above 6005 or any closing above 5990 will give minimum 100-150 point rally in day or two days. 5980-6005 will be key level for next 2-3 months and if Market will cross these levels and sustain above this, we will change our outlook and strategy for trading.

Outlook is Negative for short term and advice to go short on higher level                              

Share which are trade in bearish mode: - HDFC, GLENMARK, GSFC and OPTOCIRCUI

Shares which are trade in bullish mode: - SAIL, TECHM, TATAPOWER, and ARVIND