Update on Nifty Spot

Close above 8174 Nifty Spot will be bullish. and 8161 plus close will change bias to positive.

Nifty Spot Hourly Chart EOD dated 4th June, 2015

Prices have probably hit a medium term bottom or will bottom out holding yesterday's low. Worries will set in if price close below yesterday's low. So, we may be set for a medium term rally. Confirmation will be a close above previous day high!!

Nifty and Banknifty Future Key Level(s) for 5th June, 2015

TRADE the Levels, Charts Can Adjust.

Nifty Future (Bias - Negative)

8100-8113 Huge Support and 8172-8191 Huge Resistance for the day and Hourly is completely oversold and now daily too at the day beginning.

Weak Below / Strong Above 8143.

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Banknifty Future (Bias -  Positive)

17624-17684 Huge Support and 17890-17940 Huge Resistance for the day and Hourly is completely oversold and now daily too at the day beginning.

Weak Below / Strong Above 17732.
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