Market Overview And Technical Outlook

Nifty Spot ::

- In Intraday trading on 10th June Watch important Support 5840 & Important resistance 5970 for the day  

Bears  >  Below 5930 trend gonna remains down for 

                 5870/5840/5790  trgts  

                 

               - Supports at dwnside            >  5870/5840/5790

Bulls   >  If Nifty holds 5840 on dwnside & sustain abve 5930  go long

                 for  5970/6020/6050 trgts

                 - Resistance for up move at  >  5930/5970/6020/6050

Note >  Short term indicator in oversold zone so avoid short @ lower lvls once        Nifty close abve 5930 than only trend vl change to up  for few days 

Weekly Outlook  >   Mkt gonna trade in range of 5745 on downside & 6070 on upside till Rbi policy or may b in June series so Buy in dips arnd 5790-5800 with 5745 s/l  &  Short arnd 6050-6070 levls with 6115 s/l

Option players can accumlate 5900 call in range of 30-45 or 

                  buy arnd 5800  lvls   

Tatasteel  > Blw 305 bears vl upperhand once break & close blw  290 nxt    trgt vl b 275-260

Ambujacem > One can try long in that arnd 167-168 lvls with 162 s/l for trgts of 178/182/190