Intraday Stock Market Trend 10th June 2011
Intraday
Stock Market Trend 10 June
:- My Dear visitor’s, today on 9th June 2011 indian equity
benchmarks ended the session on a flat note amid very low volume
trade. The Indian
Stock Market has completely been directionless as it seemed that
it could be waiting for getting direction on either side – that is
5400 on the downside and 5600 on the upside. I think, ultimate
trigger could be iip data will be declared tomorrow, and R.B.I.
policy, which will be declared on 16th June, and/or any global event.
You must have been noted that Nifty has been in a tight range
of-5500-5550 for the fifth consecutive days. And still I believe,
that level of 5650 is a tough resistance level of Spot Nifty which
at present is very difficult to break and that’s why market will
remain uncertain and sluggish for the time being.
Posted by:
Intraday Tips Updated at: 9:42 PM