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Monday, June 01, 2015

nifty this week

Nifty is in a consolidation. Friday it has a good closing. But still nifty is in an unpredictable zone.
Nifty closed at 8433 on Friday. Now nifty has to break 8510 & 8550 for its up move. The GDP rates declared on Friday may help nifty to cross this barriers.
But now all eyes are on RBI's credit policy, which will be declared on Tuesday.  Above 8550, the critical levels will be 8650 & 8740.
If nifty goes below & close below 8345, we may once again see 8260 & 8155 levels. The strong support for nifty now is 7997-7980 level.
In our point of view nifty may touch 10400 level by this December.