- Nifty
Futures closed at 5467 which is 46 points higher than its previous close of 5461.
- Nifty Futures tested the
important resistance of 5515 as intraday high was seen at 5527 but closed below
5500 levels.
- As long as Nifty Futures
stays below 5530, a corrective trend may be seen testing 5400 mark.
- Immediate strong support
zone for Nifty Futures is placed between 5400 – 5370 from where again bounce
back may be seen.
- A level of 5350 is a
crucial support below which Nifty Futures may slide 100 points down near 5250
levels.
- The short term RSI on
daily chart is in oversold territory and indicating continuation of bounce back
from above mentioned zone of 5400 - 5370.
- If
Nifty Futures is able to close above 5530, next target is placed at 5600.
- As long as Nifty trades below 5900 on
weekly closing basis, the current intermediate trend will be in downward direction.
- The intraday resistance levels for Nifty
Futures are placed at 5490 & 5530 where as the intraday support levels are
placed 5420 & 5370 respectively.
- Nifty
Futures closed at 6044 which is just 1 point higher than its previous close of 6043.
- Nifty Futures formed
intraday high at 6075 but reacted downwards and closed below 6050.
- For past 3 trading
sessions, the level of 6070 is providing strong resistance in intraday and
acting as a crucial level for Nifty Futures.
- Nifty Futures needs to
show a breakout above 6075 for uptrend continuation with immediate target of
6130.
- Till Nifty Futures trades
above 5900, the short term trend will be in upward direction where stop loss is
at 5900 only.
- Breach of 5900 will push
Nifty Futures downwards towards the intermediate support of 5750.
- Till
the July expiry, Nifty Futures is expected to show a high volatilitywhere the
level of 5980 is an initial support.
- As long as Nifty trades above 5700 on
weekly closing basis, the current intermediate trend will be in upward direction.
- The
intraday resistance levels for Nifty are placed at 6075 & 6130 where as the
intraday support levels are placed 6010 & 5980 respectively.
- Nifty
Futures closed at 5970 which is 63points lower than its previous close of 6033.
- Nifty Futures opened with
115 points downward price gap at 5918 which was the low of the day.
- Abrupt correction in Nifty
Futures has halted the upward momentum and may test the level of 5900 in next
few trading sessions.
- The level of 6000 to 6020
will provide strong resistance where again selling pressure may be seen in the
market.
- Still the short term trend
will remain in upward direction till Nifty Futures trades above 5800.
- The upward momentum will
continue only if Nifty Futures closes above 6020.
- In
next 2 – 3 trading sessions, the trend direction will be visible where the
levels to watch are 5800 and 6000 on closing basis.
- As long as Nifty trades above 5700 on
weekly closing basis, the current intermediate trend will be in upward direction.
- The
intraday resistance levels for Nifty are placed at 5990 & 6020 where as the
intraday support levels are placed 5940 & 5900 respectively.
- Nifty
Futures closed at 6033 which is 26 points higher than its previous close of 6007.
- Nifty Futures opened near
6000 but was unable surpass 6050 levels and formed intraday high at 6045.
- From the bottom of 5808, Nifty
Futures is consistently moving upwards for past 4 trading sessions and likely
to test intermediate resistance 6100 in next few trading sessions.
- The intraday chart of
Nifty Futures is showing initial support near 5980 and next support at 5930 for
arresting corrective trend.
- We recommend to book
profits in trading long positions near 6100 as multiple resistance levels are
seen at this level on the charts.
- Any intraday correction
near 5950 will provide a buying opportunity with a stop loss of 5850 and target
of 6100.
- The
trading volumes are on lower side indicating continuation of the current rally
till the volume exertion seen on the charts.
- As long as Nifty trades above 5700 on
weekly closing basis, the current intermediate trend will be in upward direction.
- The
intraday resistance levels for Nifty are placed at 6060 & 6100 where as the
intraday support levels are placed 5990 & 5950 respectively.
