Sunday, June 9, 2013

NIFTY DAILY_9_JUNE_2013


Nifty Daily News
Nifty Today-: last trading session Nifty opened at 5900. Nifty made high at 5972 and low at 5871. At the end nifty closed at 5881.
Trend -: Long Term Trend, Intermediate and Short Term Trends are bearish.
Nifty is making lower highs , simultaneously making lower lows , it may mark the second bottom of this correction at 5882.It is clearly bearish a s it is trading below its EMAs. Nifty moved in a range of 100 points resulting in next trading session to be in a range. One can take longs only if nifty trades above 5900 and may see for short position below 5850.
Nifty for short term
Support
Resistance

5850
5902
5759
5942
5716
6012


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