Market outlook fort the week 28June-2July

As usual, our market view going 100% accurate even in volatile markets and Nifty following our levels and making you all earn in any kind of market. The Market view provided by us last week, also turned out to be 100% accurate. Our habit of predicting accurate market view must have become an addiction for all of you visiting here. Keep minting money with us, in any kind of market. We always say, dont go with bulls/bears, stay with levels and earn in both kind of markets.

Forthe week starting from 28June, Nifty fut will face resistance at 5388 level, once it manages to cross and sustain above this level, then we can expect nifty to shoot upto 5445-5492-5575+ levels. Nifty has to give consecutive close above 5445 level in order to continue the upmove in markets. If it is able to do so, it will show an upside till above given levels in very short time. However unable to cross and sustain at higher levels beyond 5445 level, will create weakness in markets and an opportunity for bears to take charge once again in coming days. On lower side Nifty fut has support at 5238, breaching this level will make nifty to slide down till 5170-5130-5080 levels. Any break below 5080 level, and sustaining there for some time will change the sentiments in favour of bears and will make Nifty slide down till levels 4980-4840 in coming days. Immediate Nifty fut range will be 5238-5335, and a broader range will 5130-5445...breakout on either side will lead to sharp movement.

We recommend traders to keep booking profits at every rise, as markets are facing selling pressure each time it attempts to inch higher. So, traders must buy on every dip till Nifty fut is trading abv 5238 level & long positions must be exited at every rise, to conserve the profits. Any breakout and close below 5238 can show sharp declines, so traders must keep in mind all the levels provided. Nifty fut range 5238-5335 & 5130-5388, must be watched very carefully before executing any fresh trade. Breakout on higher side of range with high volumes can unexpectedly change the current scenario. Sentmental trading must be avoided, and traders must strictly follow the levels to trade in the markets. Dont be greedy in market, as that may end you in loss as volatility will be high in markets.

Nifty Levels

• Resistance - 5335-5388-5445-5492-5575
• Support - 5238-5170-5130-5080-4980

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Stocks for the week

• Sun TV
• Essar Oil
• Kingfisher Airlines
• FCS Software
• Mount Shivalik Ind.
• Indiabulls Real Estate
• Lotus Eye Care
• Camphor & Allied Products

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Intraday Calls

• Zodiac clothing abv 530 tgt-539-550-570+
• MRPL abv 73.6 tgt-75-76.4-78
• Pantaloon abv 420 tgt-427-432-438+
• Edserv Softsystems abv 202 tgt-209-215-224+
• Also Watch Hindustan Petroleum, FCS Software, Zenith Birla, RDB Ind.

For LIVE MARKET CALLS, Cick here.

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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