Stock Market Trend 04-06-2014 …

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CNX Nifty

Synopsis

• Yesterday, Nifty opened on a flat note, witnessed short covering upmove & closed 1.5% in the positive.
• Till Index does not cross 7410, it will retest support zone 7,310- 7,290.
• If crosses & sustains above 7410, can move upto 7,448-7,460 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 7,310-7,410
• Till Index does not cross 7350-7360, it will further correct upto 7, 280- 7,290. If crosses & sustains above 7360, can move upto 7,410-7,420 zone

Bank Nifty Spot

Synopsis

• Yesterday, Bank Nifty opened on a flat note, witnessed short covering upmove & closed 2.5% in the positive.
• Till Index does not cross 15360-15380, it will retest 15,000 – 14,970.
• If crosses & sustains above 15,380, can move upto 15,630- 15,760 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 15,100-15,450
• Till Index does not cross 15360-15380, it will retest 15,000- 14,970. If crosses & sustains above 15,380, can move upto 15,630-15,760 zone.

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