Intraday View For 04-06-13

Nifty: Support 5930/5905/5880/5855

          Resistance 5955/5980/6005/6030

The Nifty ended the first day of the week in the red on Monday, as traders booked profits in most of the major sectoral indices on the back of weak cues from global peers. Nifty above 5955, may try to inch up towards 5980-6005+ zone. Above 6030, another round of short covering may be seen & Nifty may move towards 6100, from where we again expect selling pressure to set in.

Short term trend may remain bearish, until Nifty remains below 6130 mark.

On downside, Nifty may seek support @ 5905, break below which it may test 5880-5855 & even lower on back weak global cues.

Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~