The NIFTY opened the session on a flat note and traded in a very sedate and lethargic note throughout the day’s trade.
The 5505—5535 levels were the narrow trading range for the NIFTY for the entire trading session.
The NIFTY finally closed the session at the 5,521.05 levels with a loss of 5.80 points and remained unchanged as compared to the previous session.
The NIFTY went through another day of trade wherein it traded on a very flat and sedate note. The index is still grinding and consolidating within the broad range of 5450—5600 levels.
This battle between the bulls and the bears is likely to continue unless the NIFTY breaks the 5600 levels on the upside or conversely breaks below the 5450 levels on the downside.
The 5450 levels will be the key near term support for the NIFTY on the downside. Upside esistances are placed at the 5600—5625 levels.
We booked full profits on our intraday long call given NIFTY June Spot @ 5540 levels. (Initiated @5514 levels).
The recommendation fetched a fabulous intraday gain of Rs 13000/- (assuming 500 quantity traded) to the subscribers of our product NIFTY calls section.
We recommend subscribing to our product NIFTY Calls section to avail such profitable NIFTY calls.
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