Tuesday, 4 July 2017

MARKET TREND 05/07/2017

Nifty and Bank Nifty could not retain the  gains made during intra day and closed below previous day.  While Nifty Future still looks positive with a rebound to 9650-65 level, BNF does not indicate upward move as most of the BNF components are in sell mode( 10 out of 12).

If Nifty future is around 9650 one can short for 20-30 points intra day gain. NF Support 9612/9593
Resistance 9635/9664.

BNF Support 23184-133-060  Resistance  23256-323-368

Best of Luck


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