Intraday market outlook for 4June

Our market view and intraday calls given yesterday, rockeddddddd the market and made you earn money in truckload. Those who are missing this opportunity of enjoying money rain , will repent it in coming days!! We told last month that MAY & JUNE month will give massive opportunities to earn unexpected money. Now you all must be watching the sharp moves coming almost daily in markets.

On 4June, Nifty fut will face resistance around 5148 level, this level will act as a crucial level on upside. In order to make the current rally sustain for some time, Nifty fut must hold above this resistance level. If it manages to cross and sustain above 5148 level, then we can higher levels of 5172-5194-5225. Contrary to this, if Nifty fut is unable to cross and sustain above this level, then we will see it reverting back to lower levels again. On lower side it has support at 5090 levels, breaching this level can make Nifty fut to slide down to lower levels of 5070-5045-5002. In order to sustain the recent gains, Nifty fut must close above 5148 level today. Any close below 5045 level can once again make bears stronger.

We recommend all traders to stay cautious in range 5045-5148, and not to create fresh long positions on higher side. The current pullback in markets can take to higher levels if 5148 is crosses and sustained, but the market sentiments will change for bulls only when Nifty fut gives two consecutive close above 5148 level, failing to do so markets may fizzleout to much lower levels. So, traders must keep the levels in mind and trade as per their own wisdom.

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Best time and opportunity to mint money in truckload with this sharp move in markets.

Nifty Levels

• Resistance - 5148-5172-5194-5225
• Support - 5090-5070-5045-5002

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Intraday calls

• M&M Finance abv 432 tgt-437-444-454
• Dabur India abv 187 tgt-190-194-202+
• BF Utility abv 718 tgt-725-734-748+
• Havells abv 642 tgt-650-659-674+
• Also watch Jubilant foodworks, Karnataka Bank, EKC, IFB Industries.

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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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