Market Overview And Technical Outlook

Nifty Spot ::

- In Intraday trading on 11th June Watch important Support 5840 & Important resistance 5930 for the day  

Bears  >  Below 5930 trend gonna remains down for 

                 5870/5840/5790  trgts ( In intra-day if nifty sustain blw 5880 &  

                 breaks

5840 than watch panic selling ) 

                 

               - Supports at dwnside            >  5870/5840/5790

Bulls   >  If Nifty holds 5840 on dwnside & sustain & close abve 5930 than        

                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 

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

                  buy arnd 5800  lvls