Nifty Spot ::
- Three Black bearish candle pattern..
- Short term indicator in oversold zone
- Overall short term momentum bearish but oversold..
- Watch important Support 5840 & Important resistance 5983 for the day
Bulls > If Nifty holds 5907 on dwnside & sustain abve 5920 & breaks 5930 go long
- In intraday trading on 5th June Wait n watch strong level 5920
Bears > If Nifty sustain blw 5920 & breaks 5907 go short with 5930 strict s/l
for 5870/5840/5790 trgts
Bulls > If Nifty holds 5907 on dwnside & sustain abve 5920 & breaks 5930 go long
with strict 5907 s/l for 5983/6020/6050 trgts
Note >
Nifty momentum on the downside is likely to continue.
The trend might reverse to up for a few days (market still remains a sell on rise).
- Resistance for up move at > 5983/6020/6050
- Supports at > 5870/5840/5790
