Nifty June Futures (7,603)
After struggling to surpass the 7,680 level, Nifty futures contract entered the negative territory and breached a key support at 7,660 and 7,635 recently. Selling pressure is evident in this contract. It is currently testing the support at 7,600. A strong decline below this level can drag the contract down to 7,580 and then to 7,550. Traders with a short-term perspective can go short with a stop-loss at 7,620 levels.
On the upside, key resistances are placed at 7,660 and then 7,680. Next hurdle is in the band between 7,700 and 7,710.
Supports : 7,600, 7,580 and 7,550.
Resistances : 7,660, 7,680 and 7,700