Keep Away All Technical And Fundamentals Just Trust 12000 Levels 0 890

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.

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Price actions indicating bullishness 0 684

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 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.

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