Market Outlook: Nifty Levels for 03 JULY 2012
The markets traded range bound right through the day and closed flat. Realty, consumer durables, capital goods and banking were the biggest gainers in Yesterday’s session while FMCG and auto were the biggest losers.
The Bse Index closes at 17399 down 31 points or -0.18% & Nifty closes at 5279, no change from the previous close. CNX Midcap index was up 1 % and the BSE Small cap index was up 1.1%. The market breadth was positive with advances at 912 against declines of 498 on the NSE.
Last Close at 5278 No change, Last High at 5302 Low at 5263, Weekly High at 5302 and low at 5095 and 5 DMA at 5194, 20 DMA at 5107, 50 DMA at 5047 and 200 DMA at 5076
5-Days Relative Strength Index at 84 and 14-Days Relative Strength Index at 67. It Indicates Nifty Placed in Over Bought Zone.
RESISTANCE: It has the First resistance close to the level 5288 & above the level marks the track point at 5311 later zooper level at 5333 mark.
SUPPORT: It has the first support close to the level of 5266 & below this level mark next support is seen at 5244 later dipping level near 5200 mark.