NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST - 2 TUESDAY

After four days continuous loss Indian benchmark recovered a bit and S&P CNX Nifty could able to end up in green. The market surged in early hour of the trade on the back of positive cues and news from the overseas.
Spot Nifty ended the session at 5516.80 adding 34.80 (0.63%) points to its previous close while Nifty Futures settled at 5528.55 up by 40.55 or 0.74% on the very first day of August.
From here the market may extend this positive trend if it breaks 5590 mark. Intraday trend is likely to remain consolidated to positive for tomorrow.
Support levels for nifty tomorrow - 5464- 5440
Resistance levels for nifty tomorrow - 5536- 5585
Intraday Traders can Buy Nifty Futures above 5535 to target 5560-5585 Stoploss below 5500.

CORPORATE ACTIONS FOR AUGUST  - 2 TUESDAY

Company                        EX-Date                          Action

Amara Raja                   2-Aug-11                  Dividend of Rs. 2.60
Ashok Leyland              2-Aug-11                  BONUS 1:1

Blue Chip Tex                2-Aug-11                  Dividend of Rs. 0.75
Core Projects                2-Aug-11                  Dividend of Rs. 0.60
Honda Siel Power          2-Aug-11                  Dividend of Rs. 7.50
Madras Cements            2-Aug-11                  Dividend of Rs. 1.25
Minda Inds-$                 2-Aug-11                  Dividend of Rs. 3.00
Numeric Power-$          2-Aug-11                  Dividend of Rs. 3.00
Ramco Inds                   2-Aug-11                  Final Dividend of Rs. 0.40
Shrenuj                          2-Aug-11                  Final Dividend of Rs. 0.60
Tata Power                    2-Aug-11                  Dividend of Rs. 12.50
Tecpro Systems             2-Aug-11                  Dividend of Rs. 3.00