Indian Market Outlook: June 06, 2019

NIFTY is likely to open negative.
It is likely to remain negative to sideways in the later part of the day. 
It may show sharp moves in the afternoon because of RBI meet and its outcomes. 
Also it is BANKNIFTY expiry today.

NIFTY short term support is between 11830-11870 and resistance is between 12080 and 12120

BANKNIFTY short term support is between 31200-31300 and resistance is between 31690-31800.

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