WEEKLY NIFTY LEVELS


Updated every Monday, on weekly basis.
5th June 2017 (Monday)

NIFTY (Cash)

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


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

Disclaimer: This content is only for Education and for Information purpose. There is risk of loss in the stock markets and it is not suitable for all Investors/Traders. Returns in the market are dependent on market conditions. The analysis made herein is based on Technical Analysis, and is subject to change. Readers of this column are advised to use their own discretion before trading or investing in the financial markets and they are only solely responsible for their actions.

 
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