1 June 2017

NIFTY PREDICTION & FREE NIFTY TIPS FOR 02 JUNE 2017

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Market ended a lackluster trading session on a flat note. A poor set of GDP numbers and a sharp decline in April core sector growth hang like the Damocles’ sword over the market, which has already turned tentative over the past two sessions.  Market closed flat with a negative bias while the outperformance of broader markets continued for third consecutive session. The sensex shed 8 points, to end at 31137 after shuttling between 31213 and 31062.  The Nifty too finished 5 points, down at 9616 after slipping below the 9600-mark to touch a low of 9589.
Pullback rally is expected in tomorrow’s sessions. Yesterday, a decline below 9550 was expected and also suggested to sell Nifty future if conditions matched for same targets below 9520. Going forward, the immediate support for the Nifty is placed at 9500 and 9475 levels. On the flipside, resistance is seen at 9645 and 9675 levels, but the major hurdle is in the 9600-9635 region and till such time that this region is taken out, any rally may be considered as a pull back or of corrective in nature.
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Resistance: 9635, 9670, 9695
Support: 9550, 9525,9500

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