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Nifty Target for Tomorrow 21st June 2017

Nifty Today June 20th 2017:  Today nifty traded in a small 30 points range. After opening 23 points in the green and drifted lower to 9643.75 and finally managed to close 4 points lower at 9657.55.nifty is facing resistance near 9700 levels.

 Nifty 20th June 2017 Intraday Movement:

Opening: 9670.50, High: 9676.50, Low: 9643.75, Closing: 9653.50

Nifty Spot: 9653.50(-4.05)

Nifty 29 JUN 2017 Expiry Futures: 9674.45(-0.80)

Support: 9580, 9630

Resistance: 9680, 9700

FII Activity 20th June 2017: FII’s bought 320 crores in index futures and 344 in index options and they are sellers in cash market.

Nifty Forecast/Outlook for 21st June 2017: Nifty forms a small bearish candle and likely to trade in a narrow range of 9630- 9680. Nifty is likely to go in a consolidation mode. Any closing above 9700 levels will trigger further up move. Any traders having long positions can hold the position with a stop around 9600.

 Nifty’s Negative Signal: Small Bearish candle and strong resistance around 9700.

Nifty’s Positive Signal: Long term UP trend.

Nifty View for Wednesday: Sideways with Positive bias.

Nifty Long Term trend: UP

Nifty Target for 21st 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: 56.30 Points (i.e. Profit of Rs. 4222.50)
  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 : 17.85 Points (i.e. Loss of Rs. 1388.75)

Click here to view Bank Nifty target for 21st 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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