• Deepak

Index level for 4 June

Nifty Spot closed at 12088

Resistance at 12140, 12165

Support at 12030 , 12000


BankNifty Spot closed at 31653

Resistance at 31790, 31910

Support at 31410 , 31220


View: - BankNifty was relatively a under-performer before the RBI event. Expecting BN to also take out highs of 31 May. Market likely to give a failure above Yesterday high in Nifty and get back inside the range of 3rd June.

On Highs will look for Profit booking signs / exhaustion. Today's trade is not the key, purpose will be to adjust positions going into RBI event and expect a move on 6th June post event. So, will keep eye on market behavior today and prepare for 6th June.

14 views0 comments

Recent Posts

See All

Welcome to Premium Content Here's an introduction of what's on offer and How to understand things which are shared. 1) Index References - Index levels are marked on a chart considering for intraday su