Nifty Profit Makers Pre Market Report | 4 Jun 2021
Can the bulls sustain control of the China wall!
In the daily NPM poll, on Nifty Profit Makers Telegram channel, 47% of the respondents think #Nifty50 will move up, against 21%, for going down. Another 21% are for range bound market.
Y'day, market opened up gap with a negative bias till FIIs jumped in one more time and bought heavily.
SGX Nifty is trading at 15691 now. A silent opening is indicated for India markets.
#Nifty50 support levels for the day are at 15615/15580/15565 and resistance, 15750.
#NiftyBank has support at 35435/35310/35250 and resistance at 35830/35900.
We continue to Watch #ONGC, #PrajInd, #DhampurSug, #NiftyPSUBank, #NiftyBank, #niftyRealty and #NiftyCommodities stocks for some sharp moves.
Also watch RBI policy and commentary at 10 AM. Expecting a quite for most part bu some Friday moves are possible late in the day.
Happy trading!