Intraday market outlook for 5 June

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 for 2 days and consolidated at the major support 4480 and bounced back today to 4590 which was a major resistance. Read this again.

Yesterday also we told that Nifty fut support 4480-4460 and Nifty resistance 4590, and everyone today watched nifty fut making 4456 low and 4591 high, exactly the same trend which we told you all. Nifty opened gap down and then drowned on part of selling in frontline stocks. But Nifty maintained the support level of 4460,and then bounced back to close at 4572 levels.
All our intraday stocks recommended in morning gave massive gains to you all.
On 5 June we will see a gap up opening and Nifty fut will face resistance at 4620 – 4665. On the downside nifty has support at 4530 and 4480,if this level is breached then major support at 4430 and below 4430 we may see panic selling in as told yesterday also. On the upside Nifty has to trade above the levels of 4590-4620, failing to cross thse levels selling pressure will start building in markets. So keep keen watch on 4480 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 - 4620-4665
Support-4530- 4480-4465-4430
Intraday stocks-
Nestle
Dena Bank
Coramandal FertilizerPowergrid Biocon
GVK Power
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.For more calls,join our PREMIUM SERVICE. If you are still Waiting to join, it means you are loosing the opportunity to mint money from the momentum market.
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