Nifty Intraday Tips, predictions and Trend For Monday june 6 2011

Nifty Intraday Tips, predictions and Trend For Monday june 6 2011 ; Market seems to be in consolidation phase in the near-term. Nifty is likely to find support in the range of 5400-5350 levels and 5,575-5,650 levels may act as resistance for next trading sessions.

As selling pressure is intensifying we can see 5465-5430 levels as crucial support levels, while 5,550-5600 as strong resistance levels for the market on Monday. If Nifty breaks 5,550 with high volume than only we can see up-move towards 5,600, otherwise more correction can be seen in Nifty.

For intraday trading on Monday (06-June) if Nifty trades above 5535 levels then it is likely to test 5,570 - 5,600 levels. However, on the downside it may test 5,450 levels.

Nifty EOD and Prediction For Monday 6 June 2011
The S&P CNX NIFTY continuing its northward journey and closing the day down -33.60 points or -0.16 % at 5516.75.

The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5730 mark.

SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5400 mark.


In banking, CNX Bank Index lost -57.25 points or -0.53 %. Amongst the banking stocks Indian Overseas Bank, Axis Bank and UCO Bank lead the row.

Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10720 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 11210.
SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks.

Source :
stock-market-trading-art.blogspot.com...
nifty-tips-calls.blogspot.com...

Nifty Intraday predictions june 6 2011, stock Trend june 2011, Free Intraday Tips, Prediction Of Nifty For 6th June 2011
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: