Intraday Trend-05/06/2013

Benchmark Indices again turned negative towards the close and ended lower in volatile trading session. Nifty future is resisting near its crucial level around 6000 and traded on lower side for the whole session and found support around 5920. According to daily charts, major support is seen near 5860. However, It will face stiff resistance in the range of 5970-6020 in the coming session and better strategy in nifty is to sell on rallies.

TREND : SIDEWAYS

SUPPORT : 5880 & 5830

RESISTANCE : 5970 & 6020

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