Sundar Raja Market Trend --   1st July 2020

Sundar Raja Market Trend --   1st July 2020

Intraday resistance at 10,340 and 10,400    --   1 July 2020

Resistance 1 : 10,340     Resistance 2 : 10,400
Support 1  :     10,260     Support 2:       10,200

Nifty closed yesterday with a loss of 10 points.
Market yesterday reacted from a higher level.
A flat opening is expected, due to global trends.
In-case of a recovery,then the next intra-day resistance above is at 10,340.
Market has to trade above this, for a further uptrend.
Then the next major resistance above is at 10,400.
On closing basis Nifty has to sustain above 10,300 for a positive trend.
-- Nifty in a reaction, then intra-day support below is at 10,260.
In-case of a trading below 10,260, then it indicates a weakness.
Then the next major support below is at 10,200.


V. Sundar  Raja
Research Analyst
Ph  -  94410-79304