Nifty Today June 15th 2017: Today was a day of correction as the nifty opened near the day’s high and lost further to break 13-Day EMA and took support near 9560 levels to move up and close near 9578 by losing 40 points for the day. Today correction is back of weak global trend after FOMC outcome.
Nifty 15th June 2017 Intraday Movement:
Opening: 9617.90, High: 9621.40, Low: 9560.80, Closing: 9578.05
Nifty Spot: 9578.05(-40.10)
Nifty 29 JUN 2017 Expiry Futures: 9600.90(-36.70)
Support: 9520, 9480
Resistance: 9600, 9630
FII’s Activity 15th June 2017: FII sold 577 crores in the index futures and also bought 927 crores in index options.
Nifty Forecast/Outlook for 16th June 2017: Nifty forms a bearish candle and closed below all the key moving averages suggest more downside to follow. Nifty is poised to touch 9520 levels and any closing below 9520 can further weaken the trend which can take the market to 9250 levels.
Nifty’s Negative Signal: Nifty closing below all the key moving average.
Nifty’s Positive Signal: Long term UP trend.
Nifty View for Friday: Sideways with Negative bias.
Nifty Long Term trend: UP
Nifty Target for 16th 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: 54.55 Points (i.e. Profit of Rs. 4901.25)
- Position Created on 12-Jun-2017: Buy One lot 9700 PUT @ 121 and Sell Two Lots of 9400 PUT @ 25. Total Premium Outflow : 71 hold for target of rs.200 with a stop loss :10 Current Profit : 13.55 Points (i.e. Profit of Rs. 1016.25)
Visit our website on 16th June 2017 8.30 PM to get the nifty view for 19th 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