Monday, June 6, 2011

NIFTY TREND TODAY : Monday 6 June 2011

The Indian market opens the first day of a new week on a quiet and flat note. On Friday, the US markets ended lower with the Dow losing 97 and Nasdaq 40 odd points while Asia is negative at this hour. Sensex is trading at 18367, down 8 points from its previous close, and Nifty is at 5513, down 3 points. CNX Midcap index is up 0.1% and BSE Smallcap index is also up 0.1%. The market breadth is negative with advances at 356 against declines of 403 on the NSE. 

Nifty Technical Levels today :-

SUPPORT :- It has first support close to the level of 5480 & below this level the next support is seen near 5400 mark. 

RESISTANCE :- It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5730 mark.

Advise For Today :- The trend of the market is sideways and only intra-day positions should be taken.


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