On 2June Nifty fut will face reistance at 4984, in order to sustain the upmove nifty has to cross and sustain abov this level. Once it crosses and sustain above this level, then bulls can hope for some good time again else the bear will will take charge. Above 4984, Nifty fut can again show 5010-5035-5072 level. However on lower side Nifty fut has support at 4920, once it breached these levels and sustains below 4920, then we can selling pressure building up in markets and Nifty can slide down to 4886-4870-4842.
We recommend all traders/Investors to keep watch on 4842 & 4984 level, for deciding the trades. One must not leverage positions at current time, as markets can show ambiguous moves to trap retail traders/investors. If 4870 level is not breached, then Nifty can bounce back again. Last hope for bulls is 4770 Level, any close below 4770 in coming days will make all bulls loose charge completely over the markets. We might see some major movements in markets in coming days. So all traders must stay cautious and must not leverage positions without proper knowledge of market drections. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets
We recommend all traders/Investors to keep watch on 4842 & 4984 level, for deciding the trades. One must not leverage positions at current time, as markets can show ambiguous moves to trap retail traders/investors. If 4870 level is not breached, then Nifty can bounce back again. Last hope for bulls is 4770 Level, any close below 4770 in coming days will make all bulls loose charge completely over the markets. We might see some major movements in markets in coming days. So all traders must stay cautious and must not leverage positions without proper knowledge of market drections. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets
Nifty Levels
- Resistance - 4984-5010-5035-5072
- Support - 4920-4886-4870-4842
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