Pre Market Updates Tuesday June 11, 2019
- 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.
