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 .."
http://www.dhanvarsha.in/2012/05/expecting-that-nifty-will-trade-at.html
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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