Team EAIB providing you all the most accurate market view well in time, and making everyone enjoy the money rain. Read below mentioned post, and judge yourself-
•Intraday market outlook for 9June, CLICK HERE
On 10June, Nifty fut will face resistance at 5048 level, this level will be the first hurdle for bulls on upside and in order to retain their gains bulls have to decisively cross and sustain above this level. Once it manages to sustain above this level,we can see higher levels of 5072-5098-5110 in markets. However, if bulls fail to sustain above the resistance level of 5072, then bears will try hard to take the charge over bulls and slide down the markets. On lower side Nifty fut have support at 4960, if this level is breached then we can see 4930-4884-4842 levels in markets in short time. Any close below 4930 level, will be energy booster for bears and that can make markets to slide down further 50-130pts. We are continuously saying since last few days that on evry rise exit from longs, and now the result is in front of you all. Hope all of you must be safe, and must be sitting with good gains
We recommend all traders to stay cautious in range 4930-5072, as this will be the crucial range for intraday and breakout of this range on either side will show some sharp movement. As we have said earlier also, leveraging long positions on higher levels wont be a wise decision, so on higher levels keep booking profits only. If Nifty fut is unable to cross and sustain above 5072 level, then it will be favourable for bears only. Markets will be highly volatile and will show ambiguous moves. So, traders must trade on both sides and mint money bi-directionally rather than trading sentimentally in one direction waiting for day closing/expiry targets.
•Intraday market outlook for 9June, CLICK HERE
On 10June, Nifty fut will face resistance at 5048 level, this level will be the first hurdle for bulls on upside and in order to retain their gains bulls have to decisively cross and sustain above this level. Once it manages to sustain above this level,we can see higher levels of 5072-5098-5110 in markets. However, if bulls fail to sustain above the resistance level of 5072, then bears will try hard to take the charge over bulls and slide down the markets. On lower side Nifty fut have support at 4960, if this level is breached then we can see 4930-4884-4842 levels in markets in short time. Any close below 4930 level, will be energy booster for bears and that can make markets to slide down further 50-130pts. We are continuously saying since last few days that on evry rise exit from longs, and now the result is in front of you all. Hope all of you must be safe, and must be sitting with good gains
We recommend all traders to stay cautious in range 4930-5072, as this will be the crucial range for intraday and breakout of this range on either side will show some sharp movement. As we have said earlier also, leveraging long positions on higher levels wont be a wise decision, so on higher levels keep booking profits only. If Nifty fut is unable to cross and sustain above 5072 level, then it will be favourable for bears only. Markets will be highly volatile and will show ambiguous moves. So, traders must trade on both sides and mint money bi-directionally rather than trading sentimentally in one direction waiting for day closing/expiry targets.
Nifty Levels
- Resistance -5048-5072-5098-5110
- Support -4960-4930-4884-4842
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Intraday Calls
- Opto Circuits abv 234 tgt-238-243-250+
- Den Networks abv 198 tgt-202-207-214
- Bajaj Holdings abv 731 tgt-740-748-760+
- Wipro abv 631 tgt-635-642-647
- Also watch FCS Software, Spice Islands, NFL, Mandhana Ind.
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For all trades, keep trailing your stoploss once the stock is above the buying price. Dont take delivery of any intraday call. Avoid spike buying.
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