Tuesday, 27 June 2017

MARKET TREND 28/6/2017

Nifty future and bank nifty came under severe  selling pressure yesterday as expected. It is likely to  continue do to winding up long positions. Market may be around 9500 for some time. But it s difficult to sustain higher levels today. The indexes are in correction mode.
 Whether the correction will continue and up to what level ? Is it going to be touch 9000?
 All these questions will be  answered on 3rd of July 2017 when the market opens.

Nifty Fut Support 9480-419-280. Resistance 9518-9525-9543
Bank Nifty Support 23125-23058-41-22925.  Resistance 23263-350-452.

Trading Tips:  Buy 23000 Put around 10-12 June Expiry for big gains.

Alert: Wind up all long positions. Wait till 3rd July for a clear direction.

1 comment:

Note: only a member of this blog may post a comment.