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STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 20th JUNE 2012

STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 20th JUNE 2012

NIFTY OUTLOOK FOR 20th JUNE 2012

NIFTY SPOT LEVEL

TREND - BEARISH

 

 

 

SUPPORT 1 5065
SUPPORT 2 5025
RESISTANCE 1 5130
RESISTANCE 2 5155

BANK NIFTY FUTURES

TREND- BEARISH

 

 

 

SUPPORT 1 9675
SUPPORT 2 9550
RESISTANCE 1 9860
RESISTANCE 2 9930

 

EXPERT VIEW

Short Nifty below 5040: Mohit Gaba

Technical analyst Mohit Gaba says that Tuesday's trading session, Nifty closed above 5,100. Is a positive sign for the market. In today's trading session if the Nifty goes below 5040, the traders will have better chance of making the short positions. According to Mohit Gaba the Bank Nifty, Nifty is appearing weak. Despite many negative reports on Tuesday, while the Nifty closed with a gain. But in the next 2 trading sessions remain range-bound market.