13 June 2014

NIFTY PREDICTION FOR MONDAY 16-JUNE-2014

Very volatile market was today. sensex & Nifty, both, hit one week low. Sensex down over 400 points, Nifty slips below 7,600 levels.  IT major Infosys rose in volatile trade. Metal and mining stocks dropped. Today market extended losses and hit fresh intraday low in mid-afternoon trade. After opening higher at 7677 nifty future was suddenly slipped down at the level of 7542.today highest level of nifty future was 7682.Total 140 points was moved by
nifty future today.Now for Monday we are expecting bullish momentum in the market. Nifty will move between the 7580-7650 and if nifty crossed these levels then nifty will try to touch level of 7700.at the other side 7500 will be proved as very good supporting level for nifty.
More about intraday tips on Google +
RESISTANCE: 7560, 7590, 7720
SUPPORT:  7530, 7500, 7470

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