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Thursday, 4 August 2011

Nifty Trend For Tomorrow 05-Aug

Indian Stock Markets Traded same as we said yesterday. Market witnessed selling pressure for yet another day. For coming trading sessions short term trend remains bearish, however after a sell-off of almost 200 points in last four trading days, a consolidation is expected in the range of 5,250-5,400.

Traders and investors are recommended to make buying position on dips. Stock specific approach is recommended in the current scenario. For Intraday tomorrow Nifty could find good support at 5,280-5,250 levels and 5370-5405 may act as immediate resistance levels.

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