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Bank Nifty Target for Tomorrow 6th June 2017

Bank Nifty Today June 5th 2017:  Bank Nifty opened in the green by gaining 20 points in the green and drifted in the red by losing 25 points, later Bank Nifty gained to hit historical highs of 23,494.70 and closed the day at 23,349.95 by gaining 83 points.9 out of 12 banks in the bank nifty ended the session in the green.

Bank Nifty 5th June 2017 Intraday Movement:

Opening: 23,397.40 High: 23,494.70 Low: 23,349.95, Closing: 23,459.65

Bank Nifty Spot: 23,459.65(+83.75)

Bank Nifty 29 JUN 2017 Expiry Futures: 23,425.10(+83.35)

Support: 22,750 and 22,500

Resistance: 23,500

Bank Nifty Forecast/Outlook for 6th June 2017: Bank Nifty formed a spinning top like pattern in the top and also futures is trading 34 points in the discount. So we suggest to be cautious while creating long positions.

Bank Nifty’s Negative Signal:  Bank nifty futures is trading in the discount.

Bank Nifty’s Positive signal:  Long term UP trend

Bank Nifty View for Tuesday: Sideways.

Bank Nifty Short Term trend: UP

Bank Nifty Target for 6th June 2017: Bank Nifty can move between 23,000 -23,750 levels.

Bank Nifty Long Term up trend reversal point: Closing below 22500 Levels

Click here to view nifty target for 6th June 2017

Visit our website on 6th June 2017 8.30 PM to get the Bank nifty view for 7th June 2017.

Disclaimer – No Author at is registered with SEBI or any regulating authority as a Research Analyst or an Investment Adviser. Please Consult Your Investment Adviser before making any Investment/Trading decisions based on content posted in this Website. Here we write only what we do and all information posted in this website is for Educational purpose only

This post first appeared on My Financial Zone, please read the originial post: here

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Bank Nifty Target for Tomorrow 6th June 2017


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