Get Nifty Tips Trend Range Levels (Friday, 10 June):-
Market has been demonstrating consistent weakness for the last few days on lower volumes.The pre-opening session of the market begins with the Nifty and Sensex indicating a flat start today. The SGX Nifty is at 5513, down 9 points. Nifty today moved in a small range and closed with minor losses. In Intraday(SPOT) Nifty is having resistance at 5,585 and 5,645 while the support is there at 5470 and 5405 levels.Yesterday Nifty was closed at 5521 points. Overall trend still remains sideways. One major concern regarding the global markets is the fact that DOW Jones has moved below its 100 DMA and is likely to move towards its 200 DMA which is around 11,950 levels.
Resistance : Its first resistance level is at 5585 and above this level it could test the resistance level near the 5645 points.
Support : Its first support level is at 5470 and below this level it could have support level near 5405 points.
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