Nifty 11900 Strike Price Analyses | Market

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.

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.