Trading Strategy and Market Outlook

Indian Share Market falls down with some stocks like "Bharti Airtel" showing 4- year low. Almost every sector closed negative.

Why Bharti Airtel shares have hit a 4-year low?

Following are the answers for the same :-

Bharti Airtel fell as much as 3.44 per cent to its lowest intraday level since October 2008 today. 

1) Credit Suisse has become the latest brokerage to downgrade Bharti Airtel. 

2) On Tuesday, Morgan Stanley had downgraded Bharti Airtel to "equal-weight" from "overweight" and cut its target price by nearly 25 per cent to Rs 280. 

3) Pressure on profits : Intense competition has forced the carrier to pare some call prices and spend more on networks and marketing in an effort to hold market share, squeezing margins.

4) African business yet to turn around

5) High debt continues to adversely affect the company's performance

More Details - you can get from profit.ndtv.com

Stocks To Buy Tomorrow - Nifty Outlook

Indian stock market today i.e. on July 3rd traded volatile but maintained to close in Green. Green closing supported by Real estate, metals and banks in today's trade. BSE Sensex closed at 17425, up 26 points, on the other hand NSE Nifty at 5287, up 9 points. 

Month of July is considered to be good for Indian share market as our experts believe that the market is now looking to cool its heels before the next leg up, and that 5300 will pose as a strong resistance in the days to come. short-term traders should look to re-enter the market only when the Nifty strongly takes out 5300.

Nifty Support and Resistance Levels For Tomorrow 4 July :-

Nifty Support Levels :- NSE Nifty will find support between 5270 to 5208.

Nifty Resistance Levels :- Resistance Level for nifty is marked near 5332 to 5394 


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