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STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 5TH JULY 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 5TH JULY 2012

NIFTY OUTLOOK FOR 5TH JULY 2012

NIFTY SPOT LEVEL

TREND - BEARISH

 

 

 

SUPPORT 1 5275
SUPPORT 2 5250
RESISTANCE 1 5320
RESISTANCE 2 5340

BANK NIFTY FUTURES

TREND- BEARISH

 

 

 

SUPPORT 1 10485
SUPPORT 2 10450
RESISTANCE 1 10550
RESISTANCE 2 10585

 

EXPERT VIEW

Meeting of the ECB's view on the market: Andrew Holland

European Central Bank (ECB) will be meeting today. The eye of the market rests on the meeting of the ECB. Some positive news comes out of the meeting, it would be better for worldwide markets. Anbit Capital 's CEO, Andrew Holland , said today at a meeting of the ECB cut interest rates 50 basis points is expected. Reduction in interest rates is the fast response can be seen in the markets. The foreign markets on the strength of good signals can be reached at Nifty 5600-5700 levels.