Sundar Raja Market Trend --   26th June 2020

Sundar Raja Market Trend --   26th June 2020

 

Intraday resistance at 10,355 and 10,400    --   26 June 2020

Resistance 1 : 10,355     Resistance 2 : 10,400
Support 1  :     10,260     Support 2:       10,200

Nifty closed yesterday with a minor loss of 16 points.
Market yesterday saw a sideways trend.
A positive opening is expected, due to global trends.
In-case of a recovery,then the next intra-day resistance above is at 10,355.
Market has to trade above this, for a further uptrend.
Then the next major resistance above is at 10,400.
Nifty has to close above 10,350 for a further uptrend.
-- Nifty in a reaction, then intra-day support below is at 10,260.
In-case of a trading below 10,260, then it indicates an intraday weakness.
Then the next major support below is at 10,200 and next at 10,150..


V. Sundar  Raja
Research Analyst
Ph  -  94410-79304