Markets Facing Sell Pressure Near 12000 levels 0 806

Pre Market Updates Wednesday June 12, 2019
Nifty levels

RollnReel top points

  • Today markets are expected to trade in negative side today on the back of mixed global cues.
  • The markets would watch the inflation, industrial production data along with institutional flows.
  • Markets Facing Sell Pressure Near 12000 levels
  • Nifty likely to face resistance at 11980 and support at 11860
guest
0 Comments
Inline Feedbacks
View all comments

Price actions indicating bullishness 0 1050

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.

0
Would love your thoughts, please comment.x
()
x

Send this to a friend