Markets are in a consolidation phase & Every attempt of a Small Pullback are embraced with bouts of Huge Selling Pressure.
Statements from MET w.r.t progress of Monsoon would be a key trigger for the Markets.
With Results season into its Penultimate week & FnO Expiry on Thursday, Movements are likely to be very volataile & choppy.
Yahoo Online Support : Marketview@ymail.com
Statements from MET w.r.t progress of Monsoon would be a key trigger for the Markets.
With Results season into its Penultimate week & FnO Expiry on Thursday, Movements are likely to be very volataile & choppy.
Going Forward,
Nifty Fut will face stiff resistance @ 5541-5561 levels crossing & sustaining abv which further Momentum would lead to 5680 & 5774.
But, If fails to cross & sustain abv 5561, Will be in a trading range 5349-5561.
Strong support lies @ 5351-5356.
If breaks & closes below 5349, it may touch 5232 & 5119.
Nifty Fut will face stiff resistance @ 5541-5561 levels crossing & sustaining abv which further Momentum would lead to 5680 & 5774.
But, If fails to cross & sustain abv 5561, Will be in a trading range 5349-5561.
Strong support lies @ 5351-5356.
If breaks & closes below 5349, it may touch 5232 & 5119.
Yahoo Online Support : Marketview@ymail.com
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As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
As equity traders/Advisors We, our relatives and friends may have position in the stocks suggested by us. We are individuals and dont belong to any brokerage house or company. All Recommendations are based on technical and/or fundamental analysis and/or Personal observations.
Trading in stock markets involves risk . We give Recommendations, opinions or suggestions with the understanding that readers acting on this information take in to account all risks involved with market. Acting on the basis of views expressed here is the sole responsibility of the reader. No responsibility will be assumed by the authors for the consequences what so ever, resulting out of acting on these recommendations. The information herein, together with all estimates and forecasts, can change with/without notice depending on the Market Conditions.
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