19 June 2015

NIFTY TREND FOR 20 JUNE 2015


Nifty closed on a bull note at 8091 level .So today on upside first resistance is at 8200-05 level. The current spell in market may not last for very long as there are too many global event causing uncertainties. Next resistance are at 8228, 8268,8299 level On downside first support is at 8148-43 level. Next support are at 8121, 8078, 8052 level. 
The trend is still in negative zone and next big resistance area is at 8295-8310 level So unless a strong close above that level trend can turn to bear side anytime, for intraday resistance are at 8233 and 8304 level and on downside be alert below 8060 and trend may Positional Support for NIFTY 8114 & 8042 and positional Resistance for NIFTY is 8241 & 8245.
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RESISTANCE: 8250, 8300, 8350
SUPPORT:  8200, 8150, 8100

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