Nifty – Intraday Market Outlook for 2nd July 2009 www.StockInspection.com
Posted by Indrodeep Banerjee on July 1, 2009
Total Views - 785
On Wednesday markets opened marginally positive tracking strong cues from the Asian markets.
After a strong opening market turned volatile and started loosing grounds in the opening trade and plunged into the red with selling pressure mounting up amidst uncertainity before the budgets.
However markets started regaining the grounds during the mid session with buying coming in at the lower levels, but the volatility continued while the markets recovered from the days lows to end stronger in the positive zone.
Strong buying was witnessed in Reality, Tech, Bank, Auto, Oil & Gas, PSU and Power stocks. Mid Cap and Small Cap stocks also gathered favor during the trading session.
Nifty finally closed at 4340.90 gaining 50 points or 1.16 % on positive side.
Trading Strategy for 2nd July, 2009
Intraday Support for the market shall be 4292 & 4253.
While the market will experience resistance at 4386 & 4418.
Best Strategy shall be to:-
Buy above 4362 with Stop Loss of 4321 and
Sell below 4321 with Stop Loss of 4362.
.
Recommended Reading:-
Publisher: Sagar Publications, New Delhi.
Author: Indrodeep Banerjee, Astrologer & Stock Market Consultant
Ph: 09415681544, 09455248927 email: admin@TradingFunda.com
ISBN No: 81-7082-099-5 Pages 220
Price: Rs.175/-
By Courier: Rs.175/- + 75/- = Rs.250/-
To get your copy couriered immediately send
D.D. of Rs.250/- in favour of
INDRODEEP BANERJEE payable at Lucknow.
(Payment will be accepted only through D.D./
Bank Draft or Payable At Par Cheaques).
Send your payments to :–
Address: B-2045, Indira Nagar, Lucknow- 226016, U.P.
Available at all Leading Book Stores Across India & Worldwide
Available Online at :-
Vedic Books, Canada USA Australia South Africa
Amazing Indian Book, New Delhi
