Although SGX Nifty was trading more than 40 points down today morning but yesterday support range was specified anf following lines were told today in Technical Analysis and Research For 01-06-2012:-
1- As Nifty survived above 4884 after most disappointing GDP data therefore yesterday Supports(4884-4905) should be firstly watched
2- follow up buying/selling today will decide next immediate intra day moves.
Nifty is trading above the high(4905) of mentioned support range and firstly sustaining beyond mentioned support range should be watched and this range will be most crucial for today and also for deciding next immediate moves otherwise quiet market between 4884-4960 expected today
1- As Nifty survived above 4884 after most disappointing GDP data therefore yesterday Supports(4884-4905) should be firstly watched
2- follow up buying/selling today will decide next immediate intra day moves.
Nifty is trading above the high(4905) of mentioned support range and firstly sustaining beyond mentioned support range should be watched and this range will be most crucial for today and also for deciding next immediate moves otherwise quiet market between 4884-4960 expected today