Nifty Analysis for 2 June

Ranges break on either side at some point in time. Lets expect Nifty range to break soon. As Nifty is not sustaining at higher levels, we can expect it to break on lower side. This will bring in some correction to ongoing uptrend of Nifty. Resistance is near 8210 and 8200. Support is near 8160 and 8140. Sell on rise can give better rewards than buying Nifty today Nifty 15 min Chart   Swing/positional trades for the day: Sell Ashok Leyland for a target of 102. Stoploss is 107 Sell Cummins India for a target of 750. Stoploss is 800 Sell Union Bank for a target of 111.50. Stoploss is 117 Buy Aditya Birla Nuvo for a target of 1120. Stoploss is 1040 Buy Adani Ent for a target of 78.50. Stoploss is 72.50 -------------------------------------------------------------------------------- Recent gainers recommended by us Read 5 steps to keep your Technical Analysis simple Pidilite Industries breaking out -now up 16.5% from recommended price (Read Pidilite article written on 3 March) SKS Micro Finance booked profit with 19.8% gains from buying price (Read article written on 25 Apr) Berger Paint booked profit with 21.85% gains from buying price M&M Financial Services up 32% from buying price (Booked) (Read article written on 12 April)

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