Wednesday, June 12, 2019

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 13 JUN 2019

A range bound trading session gas ended on negative note. Markets ended Wednesday’s choppy session with losses after registering gains for three consecutive days amid selling in banking and financial services counters. Investor sentiment also took a hit on weak global cues. The Sensex closed at 39757. The Nifty settled at 11906, down 59 points. The Sensex touched an intra-day low of 39623 levels while the Nifty drifted to 11866 levels during the day before staging a partial recovery.
Nifty is still in a consolidation range and support lies around 11840 -11790 levels. Going ahead, this support zone would be closely watched by the investors. A sustainable move below this would result into an extended correction. However, in my sense, Nifty would probably move higher and immediate resistance is now placed in the zone of 11940 - 11975 levels.
More about intraday tips on Google +
Resistance: 11940, 11975, 12000
Support: 11840, 11790, 11740

No comments:

Post a Comment