Sunday, June 3, 2012

Nifty outlook for week ending 08 June 12

last week we predicted that
"Nifty view for settlement week ...nifty may trade between 4784 to 4945 . on success-ful close above 4945  we will see 5075 >>><<<5205 on spot ...we are expecting that nifty will trade at 5350  5400  5600 level in next six month .."
and nifty traded as per prediction

weekly nifty chart is showing that  Nifty may trade in the range of 4785 -4945 for next week ...if 4785 will break then 4650- 4530 will provide down side supports . Above 4945 , 5070  5145  will act as resistance for next week
Nifty weekly candle made higher high and higher low ... and closed negative .
sentiment is negative .
over sold zone
nifty futures are trading at discount
possibility of range trades are there .

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