NIFTY VIEW :
Nifty Futures unable to close above the Resistance Level of 4300
Nifty Futures tested the level of 4295 for 3rd time and reacted sharply downwards in intraday. The day’s low of 4235 is also below the support zone 4260 – 4245. The key retracement levels are showing 4225 as 50% and 4200 as 62% support levels. The support trendline is also indicating the support at 4200. If the level of 4200 breaches, then Nifty Futures may test level of 4150. The resistance levels for Nifty Futures are at 4275 and 4300 respectively. The timing cycle is showing the reversal on 7th / 8th of June i.e. 1. If the consolidation continuous, then the upward reversal or breakout will be materialized on above days 2. If the upward rally continues then the top formation may be seen on above-mentioned timing cycle days.
Positional call : Buy Nifty around 4240 sl 4200 tg 4300 & 4350
Positional call : Buy Jet abv 765 sl 750 tg 800
Buy Reliance pack again as they wil emerger as mkt leaders. Ril , Rel cap , Rnrl , Rpl & Rcom
Good Day Happy Investing.
More calls wil be updated in live mkts.
Buy GMR Infra Fut 505 SL 498 TGT 515 ..INTRA-DAY
Buy APIL Fut 573 SL 568 TGT 585 & 600
High Risk trade Positioncal Call : Buy Atlanta abv 385 sl 365 tg 415 to 420
Positional call : Buy Rolta abv 455 sl 440 tg 475 , 490
Buy Uti Bank abv 560 sl 550 tg 580 intra day
UTV TG 550 ACHIEVED
Uti Bank close to achieve tg 580 , morning call
BTST RELIANCE PACK ONLY
BTST UNITECH CMP 575 SL 570 TG 595
