As we have predicted earlier, Indian share market today i.e. on 4th July traded rangebound. The NSE Nifty closed above the 5300 level for the first time since April 19, 2012 that rose 14.60 points to close at 5,302.55. Meanwhile, the BSE benchmark moved up 37.10 points to 17,462.81.
Share Market Trend Tomorrow :-
Indian share market will trade in a row ahead of the meetings of European Central Bank and Bank of England policy makers tomorrow. So keep an eye on global cues as well, as it can drive the direction of market. If we talk about Nifty then more than the global factors, the Nifty will be driven by local factors. From a broad market perspective, we think the range will be between 5,100 and 5,500. But we also believe that it's more stock specific. Within the same sector, there is huge divergence in terms of returns
Nifty Outlook : Support and Resistance Levels
Nifty is going to open around 5315 level.Due to having the closing above 5300 after April so nifty is expecting some good gains for tomorrow in the opening trading session.