Jun 6, 2012

Nifty Analysis for 07 June 2012



  • Nifty month chart shows support at 4530 levels.
  • Nifty have  good support between 4700 - 4800 level. Trading below 4700 should give 4530 levels.
  • High Probability EOW for Wave 5 got completed.Now Correction terminates. 
  • Daily and Weekly Trend is up above 4919
  • Support are 4965 -4920-4890-4863
  • Resistances are  (5020-5040)-(5090-5120)-5180
  • Terminates all long position if market trade below 4900









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