Monday, 5 June 2017

MARKET VIEW 6/6/17

Nifty and bank nifty clinched new high on Monday but it took the whole day for BNF to break the resistance at 23399/23435.  Both  the index are near all time high.

The RBI Policy and GAAN date coincides and 7/6/17 could be a day of  high volatility.

BNF Above 23300 can make further move towards 23700-24100. But a close below 23300 negates up moves and can move down to 23150-22992.

Trade with caution!

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