Nifty Technical View for 08 June


Nifty at last Broke the scared levels of 4444-4448 and that too with a bang made a low of 4409 which shows the bear power and as discussed in the Below past that it is appearing that it is buy on Dips strategy but today it became exit and wait strategy.

Lets figure out what can happens next can we bounce back with a bang tomorrow or we will carry on with this correction as per my view second looks more possible as Dow is bleeding today down 115 as i am writing the post.As told before last hal hour is pretty adventurous in Dow.There are no +ve div in 5 minute charts.

Now talking About support and Resistance

Support for Nifty comes at 4404.65 4352 4325 4305

Resistance for Nifty comes at 4456 4483 4496 4503 4532 4562

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