Intraday Trend-06/06/2013

Benchmark Indices opened on a negative note but regained in the later half of the session and was able to end on a flat note. Nifty future found strong support of its 100 day EMA and bounced towards the intraday resistance of 5950. On daily charts, nifty is exhibiting lower lows since last five consecutive sessions. Hence, we can see a short bounce back till the range of 6000-6050 in the coming sessions while 5890 will act as strong support for it.


SUPPORT: 5890 & 5850

RESISTANCE: 5980 & 6020

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