Bank Nifty Weekly Expiry Analyses 0 1443

Joan Jagan14/06/2019 9:00 am14/06/2019

Pre Market Updates Friday June 14, 2019

Bank Nifty Weekly Analyses Expiry date – 20 /06/2019:

After big binary event Bank nifty trading between 31783 and 30000
Most days traded in higher side.
But Bank nifty prices slowly melting from life time high
Many times prices rejects above 31000 marks.
In yesterday session massive open interest changes in Call options Side
Huge contracts added between 31000 and 31500 strikes for 20th June weekly expiry.
Open interest data suggest 31500 levels will act as crucial resistance for this weekly expiry.
Lower side, 30000 likely to be a good support.
Also it’s a big psychological point for Bank Nifty. Prices likely to test again before any big move.
Bank nifty may trade between 32000 and 30000 ranges in coming months
But when it happen is a million dollar questions.
Today Bank Nifty may trade between 31200 and 30700.

30000 markBankBank NiftyBank Nifty FutureFuture ContractsgreattradingideasJune 2019NiftyNifty50Open Interest dataOpeningsPre MarketPsychological pointSGXNiftyStock Market TodayWeekly expiry analyses

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Price actions indicating bullishness 0 1342

Joan Jagan11/06/2019 8:45 am11/06/2019

Pre Market Updates Tuesday June 11, 2019

RollnReel top points

Nifty price actions indicating bullishness in the chart.
Whatever may be a sentiments, 12000 point may act as a resistance and support for comings weeks
As it is big psychological point, price may retest again and again in coming months.
Nifty likely to face resistance at 12040 and support at 11880

Strategies for Future contracts – Expiry date – 27/06/2019:

Bank Nifty and Nifty likely to trade with huge volatility. Both contracts in buy on dips and sell on rise mode.
Yes bank Chart suggests, it facing week resistance near 155. Sell on rise would be better strategies.
Relinfra and Relcapital are completely in bear control.
Bataindia price action suggests, can buy on dips.
ICICIPRULI trading near week resistance. Facing sell pressure around 390 mark.
Rpower and Suzlon not suitable for conservative traders.
UBL trading near strong support which comes around 1300. Yesterday was a short cover rally.
Justdial trading in neutral zone.

Disclaimer: The views expressed by investment expert on rollnreel.com are his own and data available from nseindia.com. Rollnreel.com advises users to check with certified experts before taking any investment decisions.