5 July 2017

NIFTY PREDICTION & FREE NIFTY TIPS FOR 6 JULY 2017

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Today on Wednesday market settled down on a positive note, but the movement of market was rangebound throughout the session. Both the indices remained choppy today. The indices had opened on a positive note with Sensex gained more than 100 points in early trade while nifty future opened at 9636. However by mid day both the indices had slipped in the red & nifty future has made a low of 9615, before they saw another spurt in evening. Market breadth turned in favour of the bulls towards the closing trade with Sensex made day high of 31353 and Nifty made the high of 9651.  Finally, The Sensex closed up 35 points at 31245, while the Nifty ended higher by up 23 points at 9647. The Nifty was moved in a tight range of 25 points since the beginning today.
Technical charts show stability but global cues remain uncertain for the Nifty to attempt a fresh rally.  According to Pivot charts, the key support level for Nifty future is placed at 9600, followed by 9575 If the index starts to move higher then key resistance levels to watch out are 9670, followed by 9700. Technically, the trend is still up with some more sideways movement not ruled out. The crucial support for the Nifty is at 9535-9520 and the resistance is at 9720.
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Resistance: 9655, 9680, 9710
Support: 9600, 9575, 9550

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