Estimates for 17th June

An open of 5232 against the close of 5223 yesterday, suggests that not much has changed in the way the market is looking at the short term picture.

Whilst there is a bit of heaviness in the prices, as maintained yesterday the sellers have not been very aggressive to push the prices down.

All that can change if we auction below 5210 today.

On the upside the levels are 5259/ 74.

Value area for Nifty : 5239-5230-5223

Value area for bank Nifty : 9555-9535-9515

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