Sunday, June 24, 2012

Nifty outlook for week ending 29 June 12

Next week Nifty may trade between 5080 - 5200
extended levels 4950  5300
5200 is stiff resistance and 5070 and 5060 is cluster support .possibility of range trades between these levels (5080 - 5200 ) with extremely volatile session ahead due to settlement week .
we may see higher / lower levels only on successful breaching of these levels.
last week nifty traded making higher high and higher low closed above 0.14 % is  slightly bullish sign but the last weekly candle giving some relief to bears too.
traders are cautious , so we may see light sessions ahead . 

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