NIFTY SPOT LEVEL : 5 August 11
Tomorrow trading is expected between the strong levels of 5230 to 5440. If the market breaches the level of 5375 on the upper side then the next resistance level will be 5440. But if nifty breaches the support level of 5290 then it may go down till the level of 5230. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5290 to 5375.
SUPPORT: First Nifty spot level near 5290 and Second Nifty spot level at 5230
RESISTANCE: First Resistance near to 5375 and second near to 5440.
BANK NIFTY FUTURES: 5 August 11
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10300 to 10750. Bank nifty futures can go down till the level of 10430 once it breaks the level of 10300. On the opposite side once breaking the level of 10640, it is expected to go upward till the level of 10750. Bank nifty will be trading between the narrow ranges of 10430 to 10640.
SUPPORT: First Nifty spot level near 10430 and Second Nifty spot level at 10300
RESISTANCE: First Resistance near to 10640 and second near to 10750
STOCKS FOR TODAY: 5 AUG 11
TIMKEN INDIA
TIMKEN INDIA closed trading at 231 on Thursday. Expected resistance and support levels for the scrip for the next trading session are:
Resistance levels
R1-235
R2- 230
Support levels
S1- 220
S2-215
JAIN IRRIGATION SYSTEM
JAIN IRRIGATION SYSTEM has seen trading within the range of 164 to 169 on Thursday. Expected levels for this script are as follow:
Resistance levels
R1- 170
R2- 176
Support levels
S1- 161
S2- 155
STOCK MARKET REVIEW: 4 August 11
CNX Midcap index was down about 0.69% while BSE smallcap index also lost 0.57%.
Indian markets ended near the day lower Thursday, extending their losing streak in the third straight trading session. The NSE Nifty slipped over 160 points in the last three days with the index closing below the 5350 levels for the first time since June 26 BSE Sensex closed at 17,693 losing 247 points. It had earlier touched a high of 18 032 day.
The decline was led by Auto, consumer goods and metal stocks. Mid-Cap Stocks small cap and the witness continues to download.
Today’s Nifty Top gainer were BHARAT PETROLEUM with changes 3.43%, RELIANCE INFRASTRUCURE with changes .85%,HERO MOTOCROP with changes .01% and losers were M&M with changes 4.15%,SUN PHARMA with changes 2.87%, ITC with changes 3.34%
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