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Nifty Target for Tomorrow 20th June 2017

Nifty Today June 19th 2017:  Today was a good session for the markets as nifty traded in the positive zone for the entire session. Nifty opened with a 28 points gap and continue to move up to hit the intraday high of 9673.30 and finally managed to close by gaining 69 points in the green.

 Nifty 19th June 2017 Intraday Movement:

Opening: 9626.40, High: 9673.30, Low: 9614.90, Closing: 9657.55

Nifty Spot: 9657.55(+69.50)

Nifty 29 JUN 2017 Expiry Futures: 9675.25(+78.00)

Support: 9580, 9630

Resistance: 9700, 9750

Nifty Forecast/Outlook for 20th June 2017: Nifty forms a white candle in the chart signals reversal but to confirm the up move nifty as to close above 9700. Today we can see good amount of put writing which is taking the market higher. Today’s price action signals 9580, 9520 levels will act as strong support for short term.

Nifty’s Negative Signal: Nifty’s FII position in the long is just 412 crores.

Nifty’s Positive Signal: Long term UP trend.

Nifty View for Tuesday: Sideways with Positive bias.

Nifty Long Term trend: UP

Nifty Target for 20th June 2017: Nifty can move between 9580 – 9700 levels.

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

Open Nifty Strategies:

  1. Position created on: 05-Jun-2017: Nifty 29 Jun 2017 expiry:Sell Nifty JUN 2017 9400 Call @ 280 and Sell Nifty Jun 2017 9700 PUT @ 120.Total Premium Outflow: 400 hold for a target of 300 stop around 480.Current Profit: 52.40 Points (i.e. Profit of Rs. 3930)
  2. 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 Loss : 19.4 Points (i.e. Loss of Rs. 1455)

Click here to view Bank Nifty target for 20th June 2017

Visit our website on 20th June 2017 8.30 PM to get the nifty view for 21th 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

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