Intraday Stock Market Trend 3 June :- My Dear visitors’s, Indian equity benchmarks retreated on Thursday 2nd June 2011 after gains seen in previous two sessions, reacting to weak global cues and 2g case (scam) News. The Nifty has swung around the 5550 level. Following warning I have issued Yesterday: Trader’s /Investor’s should be cautious at this stage, as any negative News like Govt. is planning to increase the price of petrol very soon have some severe impact on the market and mass selling may take place all in a sudden. Now, market could drift tomorrow also. 5560 is an important level of Spot Nifty. So Spot Nifty should stay above 5560 at least for couple of days for the confirmation of mid term up trend. 5505 is a strong and sentimental support of spot nifty and beyond that market sentiment will be poor again for some time.
