| Market out look dated 31st May 2018
As expiry week, volatile seen with positive bias. Yesterday open with gap down but finally strong recovery with short covering resulted almost covered all losses. As today being a expiry day of May series, so any dip to buy side and crossover yesterday high over all buying in the market. Any sharp dip to buy side.
Nifty :
Downside support 10550-10570 Upside Resistance 10660-10680
Major resistance 10717-10735 closely watch out…. Crossover non stop target 10930.
Nifty Future
Downside support 25900-26000, Upside Resistance 26400-26550
Keep a stop loss 26000 andbuy for target 26400 26500 andabove.
3M TEAM RESEARCH
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Gold traded in range as signs the Italian crisis was abating reduced safe-haven demand, triggering risk-on sentiment, offsetting support from a plunge in dollar
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