Index trend and stocks in action June 30, 2017
Chirag Gothi / 30 Jun 2017
On the downside, immediate support is placed around the level of 9473 and the next support is seen around the level of 9450.
On Thursday, Nifty started the session on an optimistic note and made an attempt to move higher during early part of the session. However, sharp selling emerged in the afternoon session due to which Nifty erased almost entire gains and it closed tad above the 9500-mark. On the daily chart, Nifty has formed a small body negative candle with long upper shadow, which is specifying strong supply zone around the levels of 9550-9560. Now, going forward, the zone of 9550-9560 may act as a stiff resistance zone for the Nifty and sustaining above this hurdle could help the market to move higher up to the level of 9610. On the downside, immediate support is placed around the level of 9473 and the next support is seen around the level of 9450.
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