Nifty analysis for 10 June 16

Nifty Analysis for 10 June Day before yesterday I had mentioned about negative divergence on Nifty chart. That divergence has played yesterday to drag Nifty down. Today Nifty may see some bounce in initial hours. However it may not sustain. Nifty is sell on rise for the day. Resistance is near 8220 and then at 8250. If Nifty breaks below 8180, it may see substantial slide till 8150, 8085 Nifty 15 min Chart   Swing/positional trade studies for the day: Sell Biocon for a target of 710. Stoploss is 735 Buy Cipla for a target of 490. Stoploss is 472 -------------------------------------------------------------------------------- Recent gainers researched by us: Potential to move 46% from current level- Kiri Industries Edelweiss Financial Services gained moved 9% yesterday. Research article was published on 23 May near levels of 70. Rounding bottom breakout in Edelweiss suggests 30% upside Read 5 steps to keep your Technical Analysis simple

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