A
volatile trading session ended lower. The indices were trading with over half a
per cent cut in Thursday's session ahead of the index F&O weekly expiry.
Market broke the 6-day winning momentum and ended lower in the volatile trade
on June 4 with Nifty able to close above 10000 mark. At close, the
Sensex was down 128 points at 33980, while Nifty was down 32 points at 10029.
We expect market would
remain volatile. The index formed a bullish candle on the daily scale and
needs to hold above 10000 to extend gains towards 10200, and then 10300-10500
zone. Overall setup and momentum is positive and a hold of recent zones
could extend rally, while support exists at 9800 and then 9700 levels. It
has been making higher top and higher bottom formation and supports are
gradually shifting higher with medium term support at 9500.
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Resistance: 10200, 10500
Support: 9800, 9500
today your nifty bank nifty calls are realy very good
ReplyDeleteThank u sir keep reading
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