Updated every Monday, on weekly basis.
5th June 2017 (Monday)
Market Short-term trend : For Short-term positions
Next resistances 9700 and 9800
Market ended steady on the weekly charts indicating a positive trend.
Nifty has the next major resistance at 9700.
Market has to close steady above 9700, for a positive trend
Then the next major resistance above is at 9800
A short-term consolidation is possible at this barrier of 9800
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In-case of any weakness, support below is at 9600
Only incase of any close below 9600, then it indicates a minor weakness.
Then the next major support below is at 9500
This is a major short-term support level
Only incase of any failure and if closes below 9500, then it indicates a short-term correction