MARKET OUT LOOK DATED 4TH JUNE

MARKET OUT LOOK DATED 4TH JUNE  At the endof May expiry market finally closed with positive side, but first d ay of June, Nifty just slip from the high and closed nearly a 10700 mark.  Over all trend is very bullish with consider decent support range 10600-10500  and resistance observed at 10800.    So we can say wide range of June series 10500 to 10800 in near term and break out this range will clear direction in market.  On the Nifty stocks, major buyingseen in large cap whereas small and mid cap selling continue.  On the positive side, Bank looks very strong and closed near to 26700 mark, however some short are more in system which may cover in  near term.  However over all trding range in June series of Bank Nifty is 26500 to 27500 2750 watch out and any weakness to best opportunity long side