Stock Market Trend 12-06-2014 …

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CNX Nifty

Synopsis

• Yesterday, Nifty opened on a positive note, witnessed selling pressure in 1st half, although recovered full losses for the day finally closing flat.
• Going Forward, Till Index holds 7620, it will move upto 7730-7740.
• If breaks & sustains below 7620, can fall upto 7,578-7,550 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 7,620-7,700.
• Going Forward, Till Index holds 7620, it will move upto 7690-7700. If breaks & sustains below 7620, can fall upto 7,578-7,550 zone.

Bank Nifty Spot

Synopsis

• Yesterday, Bank Nifty opened on a flat note, faced selling pressure on rises, under performed broader indices & closed 1% in the negative.
• Going Forward, Till Index holds 15350, it will move upto 15650-15750.
• If breaks & sustains below 15350, can fall upto 14900-14,850 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 15350-15700.
• Going Forward, Till Index holds 15350, it will move upto 15650-15750. If breaks & sustains below 15350, can fall upto 14900-14,850 zone.

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