Market Overview And Technical Outlook

Nifty Spot ::

- Short term indicator in oversold zone

- Overall short term momentum bearish but oversold..

- Watch important Support 5840 & Important resistance 5970 for the day  

- In intraday trading on 6th June Wait n watch strong level 5936

  

Bears  > Below 5925 trend gonna remains down for 

5870/5840/5790  trgts  

Bulls   >  If Nifty holds 5840 on dwnside & sustain abve 5925  go long

                 for  5970/6020/6050 trgts

                 Option players can accumlate 6000 call in range of 30-40 or 

                  buy arnd 5840 lvls  with 25 s/l   

Note >  

                  The trend might reverse to up for a few days  

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

- Supports at                           >  5870/5840/5790