You must read previous articles and watch the given chart carefully to
understand this article completely.
Analysis for 13 June 2018: -
On 12 June 2018: FII Net Sold – 1168.88 INR Crs: DII Net Bought – INR – 1327.45 Crs
Nifty is knocking the door of 10850 levels too many times. As it has
already said earlier too that decisive break above 10850 will push market to a secular
upside trend. We are already in a decisive week right now. Who knows if this
can give decisive break by today itself? I am cautiously optimistic.
I retain my views. Once it stands above 10850 then we can expect near
to all –time high. So far this is a zone where bulls can be optimistic but be
cautious at make or break levels. Can it reverse from here betraying bulls?
Well, that’s what cautious is all about.
For today’s trading session, market is expected to open on near 10825
levels as shown by SGX Nifty which is going to be better start compared to
yesterday’s start. Once it starts trading above 10850 we can expect market to
expand higher in quicker than expected time. If rise comes then it can large as
it is make or break levels.
Avoid this rise for any investment as market may be in a possible
situation of big time divergence.
Strategy for Nifty June future
– Nifty June future is expected to start at 10825+ levels. I do expect
technical support at 10780 levels as of now for today’s trade. Although we can
expect confident moves once it goes and stands tall above 10860 levels. I will
prefer to trade long above 10860 levels. Let us see if we can get a chance.
BANK NIFTY June future – Bank
Nifty should have strength above 26400 and it saved 26400 yesterday. We got the
expected up move. Now, for today’s session this index will have a great hope. If
market has to go on break out mode then Bank Nifty has to perform a lot. Technical
support still lies at 26400 levels. On higher side 27000 mark will be
challenging.
