Nifty Today June 13th 2017: Today was a day of consolidation as the Nifty opened flat and moved higher to hit intraday highs of 9654.15 and was trading in green till 2:30 PM. After 2.40 that market drifted in the red and went on to break 9600 levels during the end of the day and finally managed to close 6 points above the 9600 levels.
Click here to view the Gold Trend
Nifty 13th June 2017 Intraday Movement:
Opening: 9615.55, High: 9654.15, Low: 9595.40, Closing: 9606.90
Nifty Spot: 9606.90(-9.50)
Nifty 29 JUN 2017 Expiry Futures: 9615.10(-5.05)
Support: 9580, 9520
Events to watch: 14th June FOMC meeting outcome.
Nifty Forecast/Outlook for 14th June 2017: Nifty forms a bearish pattern and also the closing price is near the day’s low which suggests nifty is finding difficult to move higher. Nifty is also taking support near the 13-Day EMA and also FOMC meeting outcome to follow. Nifty can consolidate with in a small range before the FOMC meetings outcome.
Nifty’s Negative Signal: Nifty futures trading with only 10 points in the premium.
Nifty’s Positive Signal: Long term UP trend and nifty holding 13-Day EMA.
Nifty View for Wednesday: Sideways with Negative bias.
Nifty Short Term trend: UP
Nifty Target for 14th June 2017: Nifty can move between 9580- 9680 levels.
Nifty Long term up trend reversal point: Closing below 9160 Levels.
Nifty Strategies: Buy One lot 9700 PUT @ 121.05 and Sell Two Lots of 9400 PUT @ 25
Open Nifty Strategies:
- Position created on: 05-Jun-2017: Nifty 29 Jun 2017 expiry:Sell Nifty JUN 2017 9400 PUT @ 280 and Sell Nifty Jun 2017 9700 Call @ 120.Total Premium Outflow: 400 hold for a target of 300 stop around 480.Current Profit: 43.30 Points (i.e. Profit of Rs. 3247.50)
- Position Created on 12-Jun-2017: Buy One lot 9700 PUT @ 121 and Sell Two Lots of 9400 PUT @ 25. Current Profit : 3.25 Points (i.e. Profit of Rs. 243.75)
Click here to view Bank Nifty target for 14th June 2017
Visit our website on 13th June 2017 8.30 PM to get the nifty view for 14th June 2017.
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