6 June 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 JUNE 2018


Bulls are back on the driver seat & took nifty to 10700 mark. The Sensex and Nifty gained nearly 1% today after the Reserve Bank of India’s monetary policy decision has decided to increase key interest rates by 25 basis points to 6.25%. All the six members of RBI’s monetary policy meeting have voted in favour of a rate hike, while maintaining a neutral stance. Meanwhile in global markets, stocks in Europe and Asia were mixed as tech-inspired rally in global stocks is waning. The Sensex closed higher by 275 points, to 35178, while the Nifty rose 91 points to close at 10684.

The 10750 and 10800 levels may act as immediate resistance levels for Nifty, while supports may come in at 10600 and 10550 levels.
More about intraday tips on Google +
Resistance: 10750, 10800, 10850
Support: 10600, 10550, 10500

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