Stock Market Trend – 19-06-2014 …

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CNX Nifty

Synopsis

• Yesterday, Nifty found some support around 7500 & witnessed buying support on all dips leading the index to close around 7631 up 1.3%.
• Going Forward, Till Index holds 7570, will continue its upmove upto 7680-7700.
• If breaks & sustains below 7570, can fall upto 7,518-7,490 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 7,570-7,710.
• Going Forward, Till Index holds 7570, will continue its upmove upto 7680-7700. If breaks & sustains below 7570, can fall upto 7,518- 7,490 zone

Bank Nifty Spot

Synopsis

• Yesterday, Bank Nifty found some support around 14930 & witnessed buying support on all dips leading the index to close around 15,373 up 2.3%.
• Going Forward, Till Index holds 15,160, will further continue its upmove upto 15,550-15,640.
• If breaks & sustains below 15,160, can fall upto 14,908- 14,810 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 14,900-15,240.
• Going Forward, Till Index holds 15,160, will further continue its upmove upto 15,550-15,640. If breaks & sustains below 15,160, can fall upto 14,908-14,810 zone.

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