NIFTY: Resistance 4555/4580/4620/4645/4727
Support 4480/4444/4405/4380
VIEW: Nifty still managed to close above 4450. Our view remains the same as before.(please refer to our past posts). On 25th May post we wrote that market looking weak due to: " Inflation Fear, Crude Prices, Global Market Scenario, Political Uncertainity."
Now all these factors have came into action to create problems. Still use high as exit opportunity. Above 4700 only market can be used a entry point as of now.
Buy:
RPL Abv 172.1 SL168.6 Tgt 175.5-177+
Short Sell: JP ASSOC @ 184 Sl 186.7 Tgt 181-178
(targets are indicative & not suggestive)
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