Nifty Trend for Today (Wednesday: 5th July)

Equity benchmarks continued to trade higher in morning, with the Nifty eyeing 9,650 level, backed by Reliance Industries and HDFC Bank. The 30-share BSE Sensex was up 46.05 points at 31,255.84 and the 50-share NSE Nifty rose 16.05 points to 9,629.35. The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices up over 0.6 percent on strong breadth. About two shares advanced for every share falling on the exchange.

NMDC
NMDC has fixed the fines for Rs 1985 per metric ton. The price of the lamp is fixed at Rs 2225 per metric ton.

Mahindra and Mahindra
Mahindra & Mahindra reduced the prices of heavy commercial vehicles by 0.5 percent on an average. The prices of small commercial vehicles have reduced by 1.1 percent. Small cars cost an average of 1.4 percent. The prices of SUV cars are cut by 6.9 per cent.

Nifty Trend for Today (Wednesday: 5th July)

TREND: CONSOLIDATE
RESISTANCE: 9650, 9700
SUPPORT:9590, 9540
STRATEGY: SELL ON HIGH