Quick Summary: Market sentiment seems to have shifted a bit towards fear of correction; investors must focus on strong earnings stories vs value ... Equity investors seem to have bought Federal Reserve's argument that inflation in the U.S.

Trade Setup 9 June 2021 -

Market sentiment seems to have shifted a bit towards fear of correction; investors must focus on strong earnings stories vs value ... Equity investors seem to have bought Federal Reserve's argument that inflation in the U.S. Nifty can inch higher, capitalising on Thursday's rally, if global markets stay benign.

Important details found

  • Market sentiment seems to have shifted a bit towards fear of correction; investors must focus on strong earnings stories vs value ...
  • Equity investors seem to have bought Federal Reserve's argument that inflation in the U.S.
  • Nifty can inch higher, capitalising on Thursday's rally, if global markets stay benign.
  • Nifty closing around the lower range on 4th consecutive day of losses damages trend.
  • The key support level for Nifty is placed at 10082.3, followed by 9997.1.

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Trade Setup for June 9, 2020
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The key support level for Nifty is placed at 10082.3, followed by 9997.1. If the index moves up, key resistance levels to watch out ...