Nifty Today June 13th 2017: Today was a day of consolidation as the nifty opened flat and moved higher to hit intraday highs of 9654.15 and was trading in green till 2:30 PM. After 2.40 that market drifted in the red and went on to break 9600 levels during the end of the day and finally managed to close 6 points above the 9600 levels.
Nifty 13th June 2017 Intraday Movement:
Opening: 9615.55, High: 9654.15, Low: 9595.40, Closing: 9606.90
Nifty Spot: 9606.90(-9.50)
Nifty 29 JUN 2017 Expiry Futures: 9615.10(-5.05)
Support: 9580, 9520
Events to watch: 14th June FOMC meeting outcome.
Nifty Forecast/Outlook for 14th June 2017: Nifty forms a bearish pattern and also the closing price is near the day’s low which suggests nifty is finding difficult to move higher. Nifty is also taking support near the 13-Day EMA and also FOMC meeting outcome to follow. Nifty can consolidate with in a small range before the FOMC meetings outcome.
Nifty’s Negative Signal: Nifty futures trading with only 10 points in the premium.
Nifty’s Positive Signal: Long term UP trend and nifty holding 13-Day EMA.
Nifty View for Wednesday: Sideways with Negative bias.
Nifty Short Term trend: UP
Nifty Target for 14th 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 @ 121.05 and Sell Two Lots of 9400 PUT @ 25
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: 43.30 Points (i.e. Profit of Rs. 3247.50)
- Position Created on 12-Jun-2017: Buy One lot 9700 PUT @ 121 and Sell Two Lots of 9400 PUT @ 25. Current Profit : 3.25 Points (i.e. Profit of Rs. 243.75)
Visit our website on 13th June 2017 8.30 PM to get the nifty view for 14th June 2017.
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