4 June 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 05-06-18

RELINFRA STRANGLE STRATEGY ROCKSSS..!!!

http://optioncallputtradingtips.blogspot.com/2018/06/relinfra-strangle-strategy-rocksss.html

The week has started on positive note. nifty opened slightly higher on the back of positive global cues. This upmove was quickly sold into with the nifty declining throughout the session. On Monday indices ended sharply lower after the rally in previous week, weighed largely by banking & financials. The Sensex shed 215 points to 35011 and the Nifty slipped 67 points to 10628 while the Nifty Midcap index shed over 1%.Moreover, investors were also cautious as the Reserve Bank of India’s three-day monetary policy meeting begins today. The outcome of the policy meeting will be announced on 6 June investor expect that the central bank will keep the repo rate unchanged at 6%.
We continue to maintain a bearish outlook and would not advocate entering fresh positions at this juncture. The overall range for nifty remains what it has been for past couple of days as it continued to consolidate between the levels of 10550 and 10750. The 10750 and 10800 levels may act as immediate resistance levels for Nifty, while supports may come in at 10600 and 10550 levels. 
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Resistance: 10750, 10800, 10850
Support: 10600, 10550, 10500

1 comment:

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