Stock Market Trend 26-06-2014 …

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CNX Nifty CMP 7570

Synopsis

• Yesterday, Pre-Expiry, Nifty traded in a extremely tight range of 30-35 points & closed mildly negative for day.
• Going Forward, Till Index holds 7540, can move up with a positive bias upto 7610.
• If breaks & sustains below 7540, can fall upto 7500-7480 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 7,540-7,660.
• Going Forward, Till Index holds 7540, can move up with a positive bias upto 7610. If breaks & sustains below 7540, can fall upto 7500- 7480 zone

Bank Nifty Spot CMP 15237

Synopsis

• Yesterday, Pre-Expiry, Bank Nifty traded in a extremely tight range of 100 points & closed 0.5% negative for day.
• Going Forward, Till Index holds 15,140, can move up with a positive bias upto 15,500.
• If breaks & sustains below 15,140, can fall upto 14,960- 14,900 zone.
• Daily as well as Weekly momentum is in positive territory indicating Index to trade in a broad range of 15,140-15,400.
• Going Forward, Till Index holds 15,140, can move up with a positive bias upto 15,500-15,550. If breaks & sustains below 15,140, can fall upto 14,960-14,900 zone.

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