Pre-open Outlook(12-06-2017)
As some Asian markets are trading in Red and resistances are also lying above last Friday highest therefore weaker opening is possible today morning but good consolidation between 9609-9636 last Friday and until Nifty will not sustain below 9609 after complete fresh selling till then decisive down moves will not be seen.
Last 9 sessions sideways trading between 9586-9686 and finally sustaining beyond this range will generate next trend. As Nifty will trade within this range for its preparation in the coming sessions therefore next trend will be decided according to coming sessions intraday charts formations and will be updated accordingly.