Nifty Today June 14th 2017: Today was a day of consolidation were there was tug-of-war between bulls and bears and bulls won the day by taking support near 9580 levels and close the day in the green by 11 points. All the eyes are on the outcome of the FOMC meeting today.
Nifty 14th June 2017 Intraday Movement:
Opening: 9621.55, High: 9627.40, Low: 9580.45, Closing: 9618.15
Nifty Spot: 9618.15( +11.25)
Nifty 29 JUN 2017 Expiry Futures: 9637.60( +22.5)
Support: 9580, 9520
FII’s Activity 14th June 2017: FII bought 150 crores in the index futures and also bought 668 crores in index options.
Events to watch: 14th June FOMC meeting outcome.
Nifty Forecast/Outlook for 15th June 2017: Nifty forms a long lower shadow and also similar to hammer pattern suggest bulls are not in the mood to give up to the bears easily. As per history Nifty today also taking support near the 13-Day EMA is victory for the bulls .Tomorrow could be a trend setting day after seeing the FOMC meeting outcome.
Nifty’s Negative Signal: Nifty futures trading with only 17 points in the premium.
Nifty’s Positive Signal: Long term UP trend and nifty holding 13-Day EMA.
Nifty View for Thursday: 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.
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: 42.70 Points (i.e. Profit of Rs. 3202.50)
- Position Created on 12-Jun-2017: Buy One lot 9700 PUT @ 121 and Sell Two Lots of 9400 PUT @ 25. Total Premium Inflow : 71 hold for target of rs.200 with a stop loss :10 Current loss : 2.45 Points (i.e. Profit of Rs. 183.75)
Visit our website on 15th June 2017 8.30 PM to get the nifty view for 16th June 2017.
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