Market Outlook for 3rd July, 2013

If one wants to make money in Market, it can only be from trading in Nifty Future / Options and not in stocks. Most of the time, Technical LevelsĀ  get honoured for Nifty as it cannot be manipulated like individual stocks.

Keep minting money only in Nifty trading .. Trading in stocks is like Nicotine in Cigarette and its poisonous for health and wealth. haha

Nifty Future:

Resistance around 5875 and crossover of 5893, it will move to 5925 – 5975

Support around 5838 and breaking 5832, it will fall to 5790 – 5660

Stock Future:

Short Bank India below 231 with Stop at 236.50. TGT 223 – 215

Short PNB below 659 with Stop at 668. TGT 632 – 625

Good Luck !!