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