Keep Away All Technical And Fundamentals Just Trust 12000 Levels 0 1782

Pre Market Updates Wednesday June 19, 2019
Nifty levels

RollnReel top points

  • Nifty is trading in long term range between 10000 and 12000.
  • Nifty breached out 10000 mark on July 2017. Again it tested two times in March and October month in the year 2018.
  • So market saw 10000 points three times in the charts.
  • Market always loves to test big psychological level like this again and again.
  • So long term point of view we have more chance to test 10000 levels again.
  • But before that we can see 12000 points in the chart at least two times.
  • But when it will happen is a million dollar questions.
  • Keep away all Technical and Fundamentals Just trust 12000 levels.
  • Nifty tend to trade many times near 12000 to keep all traders in greedy mind.
  • 11600 and 12100 would act as a immediate range for Nifty50
  • So every fall will be opportunities for buying and in every rally sellers will active.
  • Simply buy around 11600 and Sell around 12100 would be the better strategies to mint moneys. We can set our stoploss easy near these levels.
  • Now Nifty50 trading near 11600. As per my analysis markets will trade with upward bias for next few days.
  • Nifty likely to trade between 11680 and 11820.
Inline Feedbacks
View all comments

Price actions indicating bullishness 0 1147

Pre Market Updates Tuesday June 11, 2019
Nifty levels

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 are his own and data available from advises users to check with certified experts before taking any investment decisions.

Would love your thoughts, please comment.x
Send this to a friend