Support and resistance area mention.
I am highly bullish on market as of now. Good news + Good chart pattern form.
I hope nifty to close on monday above 10300.
Still keep SL accordingly and trade accordingly.
BUY NIFTY ABOVE R1
SELL BELOW S1
This might me a range bound. Without any good news, market lead upwards. Indo china tensions may again lead nifty downwards.
Also global market is downwards.
Buy or sell only if clear breakout given.
I would prefer to be bearish until this correction corrects up.
These are the major resistance and support levels.
I hope to see nifty 9500 around the end of week or start of next week.
Avoid buying calls or long side. Views according to my studies and analysis.
According to seen conditions of growth of covid 19 cases soo strongly last week, i hope to see a gap down opening on monday.
My studies refer me to stay on bearish side of the market. I Will see the market movement until 10.30 as i hope to see the trend and reduce loss before taking any trade.
Please plan trade accordingly and keep these levels in mind.
According to the data seen at present of SGX Nifty, there will be gap down opening of nifty 50.
I have provided Major Resistance And support levels for tomorrow in keeping mind that there will be a gap down tomorrow.
S1 Is the major support. If it breaks, then we can all see a huge downfall. Keep all these support and resistance in my mind and do trade accordingly.
Resistance and Support levels are provided to you for 11th june (expiry)
would prefer to buy nifty around 10185 levels which is 1st resistance only after a clear break out.
would prefer to sell nifty below 1st support level after a clear break down.
I would choose to be bearish tomorrow.
Tomorrow nifty might test 9960-9940 levels tomorrow. This is very crucial support out there. after this, we can see directly to 9800 and may go down more even though.
Keep SL tight and work mostly in bears until data gets positive which is in zone 9250-9300
If there is a gap down opening tommorow, then we can see S2 as a crucial support. According to my studies, if it is a gap down opening, then nifty will trade in between S1 and S2 tommorow. thanks.
By mistakely, i wrote S3 inplace of s1. please correct S1 = 10031 level.