Intraday Stock Market Trend 7 June : - My Dear visitor’s, indian equity benchmarks closed the first session of the week with moderate gains amid volatility. The market traded in a negative terrain, reacting weak global cues post the disappointing US Employment data. But benchmarks managed to bounce back in the last one hour of trade following recovery in European Markets as it seemed that market factored in negatives. Now the Spot Nifty trotting two very interesting levels :– 5480 on the down side and about 5630 on the upper side. Only one good thing is happened today, that after long time future Nifty entered and closed at premium. I think the Indian Stock Market is still very much directionless and the odds still continue to be towards the downside. I also believe that Spot Nifty will not very comfortable to reach and break 5630 for the time being. In view of above, trade more cautiously now. try to save your hard earned capital and wait for the good time.
