Market Overview And Technical Outlook

Nifty Spot ::

- Short term indicator in oversold zone

- Short term indicator slightly turn up from oversold reasion..

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

                         In intraday trading on 7th June 
                   
                        Wait n watch strong trend decider level 5928

  

Bears  > Below 5920 trend gonna remains down for 

 5870/5840/5790  trgts  

Bulls   >  If Nifty holds 5840 on dwnside & sustain abve 5920  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