Stock Market Pre-Opeping Outlook: Yesterday market was really choppy and wa snot able to find any direction to move on. Nifty opened with negative but after some time it went in GREEN zone and was able to cross 5250 levels easily. But was trading at that level for 1.5 hours and was finding strong resistance at 5250 levels and after EU markets opened flat it went in negative zone again and finally closed with minor lose of 1 point. US market is closed on 5th july due to US indepedence day and all EU market was trading choppy and not giving any signal for next days asian market. Today nifty may move again above 5250 levels and levels to watch is 5265. Once that level crossed, we can have 5340 on card in this week. But in a long run, still there is some bad news pending as chinese market will be in trouble with EU nations issues.

• Nifty Range: Above 5250 Resistance 5265, 5290, 5310 Support 5220, 5203, 5180
• NOTE: Below 5180, we’ll be in bearish mode again with 5150, 5075 on card.
• Stocks to watch: Yesterday’s BTST (Heritage Food & Swaraj Engine), Tata Communication, Four Soft, Ruchi Soya, Eicher Motor and On Selling side Spice Jet (book profit or loss in Spicejet for short term 10-13% down gap)
• Remember my trading basket: Finance Basket