Today market was flat and rang bound.Today Pharma and autos was seen in selling condition and some power stocks support them.Today Sensex closed at 18384, down 9 points and Nifty at 5521, down 5 points from the previous close.
NIFTY TREND FOR 10 JUN:-
The daily candle chart of the Nifty shows a small bodied bearish candle with a large upper shadow, indicating resistance on advances. The downward sloping trendline still remains a maginot line for the bulls to overcome – failing which any upthrust remains a relief rally. The Nifty (spot) must stay above the 5550 levels sustainably with volumes and open interest expansion to rally intraday. On the flip side, sustaining below the 5530 levels may trigger a fresh bout of declines.
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