30 May 2014

NIFTY FUTURE OUTLOOK FOR MONDAY 2-JUNE-2014

"Buy Nifty 7100 Put @ 65 Tgt 88/89 Sl 42" 
 "Sell ICICI Bank Future Below 1395 Tgt 1388/1378 Sl 1405"
As we have predicted the levels 7240-7270,today nifty was ocilated between this levels.Today was the first trading session of June series. See-saw movement was witnessed by the market today. In early trade after opening higher market slipped into the red. Nifty hit its lowest level in more than two weeks. The market alternately swung between gains and losses in mid-afternoon trade. Today market opened at 7275 made a high of 7294 and low of 7223 and closed at 7230. Total 71 points was played by nifty. Now for Monday if nifty sustains 7255-7285 level. Then more uptrend can be witnessed .nifty will move between the range of this levels. Bulls will try their best to take nifty above 7325. 
Definitely some profit booking also lies on cards which can take market back to its comfortable zone of 7350-7380. And for tomorrow 7220 will be proved as very good supporting level.
Today bank nifty opened at 15071 made a high of 15125 and low of 14675 and closed 14705.now for Monday we are expecting that try Bulls will try their best to take bank nifty above 15000.the expected levels for bank nifty will be 15000-15200 and if any downfall then 14800 will be proved as very good supporting level.
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RESISTANCE: 7315, 7335, 7355
SUPPORT:  7295, 7275, 7255

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