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Thursday 4 July 2013

Nifty Trend for today- 05- July- 2013


Nifty futures  opened with a positive note and remained in bullish territory, amid extreme volatile session. The Nifty futures closed at 5836.95, up 66.05 points or 1.13 per cent. It touched a high of 5,843.95 and a low of 5,786.05 in trade today. 

More upside movements are expected in upcoming sessions.

        Indian Market  

Ø   Bharti Airtel raises stake in Qualcomm's India venture.

Ø   Ajit Singh meets Sonia Gandhi amid controversy over Jet-Etihad deal.

Ø   Supply correction good sign for Mumbai office space.

Ø  Kotak ups RIL target price on weak rupee, higher gas prices.

         Global Market

Ø   Euro shares rise, debt tensions ease before ECB meeting.

Ø   Global food prices fall 1 percent in June: FAO.

Ø  China's benchmark money rate returns to normal as cash squeeze over.

Ø   Nikkei edges down in choppy trade; U.S. jobs data eyed.

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  8. nifty bleeding now trading at 5325 with loss of 150 point down trend, 5250 is next target, bank nifty slip down 450 point now trading at 8958 next atrget should be 8500, indian rupee above 65 so all sector bearish now.

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