NIFTY FUTURE
5000- 4980 will strong support area for nifty future today.
If this support holds nifty future can move up to 5030, 5050 and 5070.
On the other hand crack in bulls wall in appear if nifty future trades below 4975.
Breaking and trading below 4975, nifty future will be thrashed to 4930.
4930 has been acting as support for a number of sessions now.
If 4930 is broken with volumes, index will nose dive to 4875 and 4850 today.
NEXT: Nifty outlook 09 June
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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