Market Outlook for 3rd June, 2014

Nifty Future:

Yesterday was a sharp rise in Nifty future with Spread of around 140 points between high and Low of the day. Today being an event based day of RBI announcing its policy, market could turn very volatile and one should trade the market very carefully.. Having said that, initially on open it could resist around 7405 and thereafter trend will be determined after RBI policy.

In stock Future, M&M and Tata Steel has entered into long term bullish trend and both have huge targets of 1900 and 950, which could be achieved in next few months.

Yesterday NF gave us neat 90 points profit in trading and we always rock in most of the positional trades.

Connect to Chat room if you are a serious trader in Market !!

Good  Luck !!