You must read previous articles and watch the given chart carefully to
understand this article completely.
Analysis for 05 June 2018: -
On 04 June 2018: FII Net Bought – 2354.03 INR Crs: DII Net Sold – INR – 712.41 Crs
I do consider the high of 10760 as expiry day misguidance. As it was
well short from 10825 resistance mark hence we saw almost a brutal fall after a
positive start. This kind of moves used to happen after expiry. Today is
crucial as it may again indicate the retest of support of 10440-10400 marks.
This fall may not have good chance of getting support on 10400 levels
as waves may indicate the possible extension. If this happens then we can
expect a possible great indication of a great dip. This may be the dip of life
time. Be aware and stay away from any kind of investment.
For today’s trading session, market is expected to open negative note.
Immediate next support will be at 10580 levels. Technical charts will be in the
support for the possible target of 10500 for intraday. Expect a big day. On higher
side 10660-10670 will act as zone of resistance.
Avoid this rise for any investment as market may be in a possible
situation of big time divergence.
Strategy for Nifty June future
– Nifty June future is expected to start at 10580+ levels and this may turn out
to be bear gap down opening. We may not see gap fill up. If this happens then
day may end up near or below 10500 levels.
BANK NIFTY June future – Bank
Nifty remains volatile than ever in recent days. Technical levels 26200 have
some great importance but it will take down in gap down opening. The next big
levels of support will be at 25800 levels. No levels can be safer at higher
side. I have a view that Bank Nifty will hit more if great dip starts.
