It was a cheerful day Indian Stock Markets. Markets closed with handsome gains today and Nifty broke its psychological level of 5500. Market has crossed its major resistance levels and has come in uptrend. If market continue its uptrend above 5550 level then Nifty may head to 5750 levels in coming trading sessions. Traders may create long positions in Nifty and hold them till the trend remains up.
For intraday trading tomorrow (01-Jun) if Nifty shows strength above 5,550 levels, then rally to 5,600/5,640/5,675 levels may be seen. On the down side if Nifty does not show strength above 5,550 levels then selling pressure till 5,500/5,470/5,430 may also be seen.
For intraday trading tomorrow (01-Jun) if Nifty shows strength above 5,550 levels, then rally to 5,600/5,640/5,675 levels may be seen. On the down side if Nifty does not show strength above 5,550 levels then selling pressure till 5,500/5,470/5,430 may also be seen.
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