Home / Market / NIFTY / Nifty Target for Tomorrow 13th June 2017

Nifty Target for Tomorrow 13th June 2017

Nifty Today June 12th 2017:  Today was a day of correction as the nifty opened 22 points in the red and stay red for the entire session.  Nifty even broke both the 5-day and 13-Day moving average  and took support near 9600 levels and finally managed to close 16 points above 9600 but the closing is well below the 5-Day Moving average.

Click here to view the Gold Trend

 Nifty 12th June 2017 Intraday Movement:

Opening: 9646.70, High: 9647.05, Low: 9598.50, Closing: 9616.40

Nifty Spot: 9616.40(-51.85)

Nifty 29 JUN 2017 Expiry Futures: 9620.15(-62.75)

Support: 9580, 9520

Resistance: 9680

Events to watch: 14th June FOMC meeting outcome.

Nifty Forecast/Outlook for 13th June 2017: Nifty forms a bearish pattern and the opening price of the day is also near the highs of the day. Nifty is nearing 13-Day EMA where nifty can take support so we can expect a small pull back. As we said before to keep a close eye at 9630 levels as key level for long positions. Today’s closing as opened 9500 levels for nifty and any rise in the market can be used to short it.

Nifty’s Negative Signal: Nifty futures trading with only 4 points in the premium.

Nifty’s Positive Signal: Long term UP trend and nifty holding 13-Day EMA.

Nifty View for Tuesday: Sideways with Negative bias.

Nifty Short Term trend: UP

Nifty Target for 13th June 2017: Nifty can move between 9580- 9680 levels.

Nifty Long term up trend reversal point: Closing below 9160 Levels.

Nifty Strategies:  Buy One lot 9700 PUT @ 121. and Sell Two Lots of 9400 PUT @ 25.Total Premium: 71(1*121- 2*25). Hold for a target of Rs 200 and stop loss Rs 10.

Open Nifty Strategies:

Position created on: 05-Jun-2017: Nifty 29 Jun 2017 expiry: Sell Nifty JUN 2017 9400 PUT @ 280 and Sell Nifty Jun 2017 9700 Call @ 120.Total Premium Outflow: 400 hold for a target of 300 stop around 480.Current Profit: 36.30 Points

Click here to view Bank Nifty target for 13th June 2017

Visit our website on 13th June 2017 8.30 PM to get the nifty view for 14th June 2017.

Disclaimer – No Author at myfinanicalZone.com is registered with SEBI or any regulating authority as a Research Analyst or an Investment Adviser. Please Consult Your Investment Adviser before making any Investment/Trading decisions based on content posted in this Website. Here we write only what we do and all information posted in this website is for Educational purpose only

Check Also

Nifty 27th Feb 2018

Nifty Outlook and Target for Tomorrow 14th Feb 2018

Nifty Forecast/Outlook for 14th Feb 2018: Nifty is expected to trade with mildly positive bias …

Leave a Reply

Your email address will not be published. Required fields are marked *