Nifty June Series - 1st Week Analysis

Nifty is trading at a very important zone; this week will be very important for both bulls and bears. Upside only above 24970 as it will act as a resistance until Nifty crosses and sustains over it. If Nifty manages to hold above 24970, then we can expect strong short covering upto 25300-400. But if Nifty breaches 24600 on the downside, then we can expect retracement upto 24400-265 zone. So overall, a big move is expected in the upcoming week.