Nifty 11900 Strike Price Analyses 0 828

Pre Market Updates Thursday June 13, 2019
Nifty levels

Strategies for Weekly Expiry date – 13/06/2019:

Nifty 11900 strike price analyses

  • Nifty 11900 strike prices registered highest turnover on Wednesday trade.
  • Yesterday, huge open interest changes in both Put and Call options contracts took place at 11900 strike price.
  • At 11900 strikes, 917,925 contracts were added in Call side and 586,275 contracts were closed in Put side in the last session.
  • Looks like sellers have sold huge amount of call options. Meanwhile Put writers squared of their huge positions.
  • As it is weekly expiry 11900 levels would likely to be a key factor for today trade.
  • Most likely 11950 levels will play as a weak resistance for today.
  • Above 11900 zones may be supply zone and below 11800 zones will act as a demand zone.
  • Today Nifty price volatile within 11800 and 11950 range.
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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.

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