See what we said last week CLICK HERE, and compare it with actual levels of Nifty fut for the week ended, and then the thing which will strike in your mind will be- OH! ITS 100% ACCURATE . Thats what Team EAIB provided you all, an accurate and precise market view. We hope all of you must be getting benefitted and minting massive money from our FREE OF COST market view and stock tips.
In last few trading sessions, we witnessed Markets making the ground and rising into the positive territory to show a high of 5055 from a low of 4786 & close in positive. Now for this week Nifty fut will face resistance at 5065 level, once this level is crossed and sustained then we will see higher levels of 5130-5148-5172, on upper side 5065-5130 will act as major resistance zone. On the contrary, Nifty fut has support at 4960 on lower side, breaching this support level Nifty will show the lower levels of 4920-4842-4770. On lower side range will be a major support level for the markets. If nifty fut is able to hold above 4770 levels on closing basis, then once again bulls will try their luck and will try to gain some strength over bears in coming days and will try to inch higher. Nifty range for this week will be 4770-5148, breakout on eitherside will lead to sharp movement.
We recommend all traders to watch the range 4770-5148, as this range is very crucial for this week, breakout of range on either side will lead to sharp movements. So, trading strategy must be made only after watching this range. If on lower side Nifty dont breaches 4770 level on closing basis, then we can see bounce back in markets from lower levels. In this june expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions accordingly, and dont trade blindly without judging the market movement.
In last few trading sessions, we witnessed Markets making the ground and rising into the positive territory to show a high of 5055 from a low of 4786 & close in positive. Now for this week Nifty fut will face resistance at 5065 level, once this level is crossed and sustained then we will see higher levels of 5130-5148-5172, on upper side 5065-5130 will act as major resistance zone. On the contrary, Nifty fut has support at 4960 on lower side, breaching this support level Nifty will show the lower levels of 4920-4842-4770. On lower side range will be a major support level for the markets. If nifty fut is able to hold above 4770 levels on closing basis, then once again bulls will try their luck and will try to gain some strength over bears in coming days and will try to inch higher. Nifty range for this week will be 4770-5148, breakout on eitherside will lead to sharp movement.
We recommend all traders to watch the range 4770-5148, as this range is very crucial for this week, breakout of range on either side will lead to sharp movements. So, trading strategy must be made only after watching this range. If on lower side Nifty dont breaches 4770 level on closing basis, then we can see bounce back in markets from lower levels. In this june expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions accordingly, and dont trade blindly without judging the market movement.
Nifty Levels
- Resistance - 5065-5130-5148-5172
- Support - 4960-4920-4842-4770
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Stocks for the week
- Concurrent Infra
- Jhaveri Flexo
- Omnitech Infosolutions
- IFCI
- Cheviot Company
- Henkel India
- Gitanjali Gems
- Batliboi Ltd.
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