Nifty Profit Makers Pre Market Report | 3 Jun 2021
Are the bulls back in the China shop!
In the daily NPM poll, on Nifty Profit Makers Telegram channel, 60% of the respondents think #Nifty50 will move up, and the rest are for range bound market.
Y'day, market took a bearish turn after a gap down till 14480 - the support discussed in the pre market report. Then came buying from FIIs to take the bulls back on top of the China wall!
Global cues are subdued with a positive bias. Asian markets are rocking! SGX Nifty is trading at 15702.50 now. An up gap is indicated for India markets.
#Nifty50 support levels for the day are at 15545/15460 and resistance, 15660/15750.
#NiftyBank has support at 35260/35050 and resistance at 35630/35715/35750/35890.
Mid Cap action is likely to continue while the large cap may continue consolidating.
Watch #PrajInd, #DhampurSug, #NiftyPSUBank, #NiftyBank, #niftyRealty and #NiftyCommodities stocks for some sharp moves.
Expect expiry day circus but do not short unnecessarily.
Happy trading!