3 June 2014

MARKET PREDICTION FOR WEDNESDAY 04-JUNE-2014

"Tatasteel Call given yesterday rocks...!!!!!!  achieved all targets"
In the second session of this week bullish momentum was continued by nifty. Sensex, and the Nifty future, both attained record closing high. Nifty started at 7385 made a high of 7433 and low 7346 and closed at 7422. Total 87 points was attained by nifty. Bullish momentum will be continued for tomorrow also for tomorrow the level will be 7430-7470. Nifty will try to touch the level of 7470.
We tend to think that so long as the Nifty future does not fall below the 7200-mark, the bullishness is likely to continue.  The market breadth, indicating the overall health of the market was strong. 
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RESISTANCE: 7430, 7450, 7470
SUPPORT:  7410, 7390, 7370

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