Intraday market outlook for 4June

We think now you all must be addicted of accurate Nifty fut levels given by us, as we are providing you all highly accurate levels since long time. In our weekly view we told that profit booking can come in markets from mid week,and watch the downside in markets yourself, market was down yesterday also and today also. Read this again.

Yesterday also we told that Nifty fut support 4480 and Nifty resistance 4590, and everyone today watched nifty fut making 4480 low and 4578 high, exactly the same trend which we told you all. Nifty opened up and then drowned on part of profit booking in frontline stocks. But Nifty maintained the support level of 4480,and then bounced back to close at 4535 levels.
All our intraday stocks recommended in morning gave massive gains to you all. yesterday we told you all to buy Biocon & classic Diamond,today Biocon went 202 from 178 and Classic diamond went 18.2 from 17.3

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On 4 June we will see a gap down opening and Nifty fut have support at 4480,if this level is breached then major support at 4430 and below 4430 we may see panic selling in as told yesterday also. For more upside Nifty has to trade abv the levels of 4590-4620, failing to cross thse levels selling pressure will start building in markets. So keep keen watch on 4430 on downside and 4620 on upside levels, for market trend in coming days. Breaking any level on eitherside will lead to a trend on that particular side.

Nifty levels
Resistance-4580-4620-4645
Support- 4480-4465-4430-4390

Intraday stocks-
NMDC abv 413 tgt-419-425-430
Bhushan Steel abv 731 tgt-736-741+
INOX Leisue abv 68 tgt-70-72
Powergrid abv 127 tgt-130-132.4+
Sell Indian Bank bel 136 tgt-134-132-129

Note:Keep booking profits at every rise,as market is volatile. Once the stock trades above buying price,trail stoploss to buying price. Avoid spike buying.


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