21 June 2017

NIFTY PREDICTION & NIFTY LEVELS FOR 22 JUNE 2017

"GMRINFRA 22.50 CALL ACHIVED 1ST TGT 0.40 6750 PROFIT IN 1 LOT COTINUE TO HOLD FOR 2 ND TGT WITH SL OF 0.25"
Market closed lower after a rangebound trade due to lack of cues at global as well as domestic markets, investors waited for minutes of a June policy meet by the Reserve Bank of India (RBI) to gauge the direction of interest rates in the months ahead. The Sensex was down 14 points at 31283 and the Nifty fell 20 points to 9633.
Lack of fresh triggers refrained market to continue its positive momentum while today’s RBI minutes will be under scrutiny to check any deviation from current neutral stance due to softening inflation. Nifty now has immediate support placed around level of 9600 and if it slips below this level it may extend its down-move up to levels of 9575 -9550. On the flipside resistance for the index is placed around level of 9675 and if it holds above this level it may extend up-move towards level of 9700.
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Resistance: 9665, 9685, 9700
Support: 9600, 9575, 9550

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