Bank Nifty Weekly Expiry Analyses 0 1002

Pre Market Updates Friday June 14, 2019

Nifty levels

 Bank Nifty Weekly Analyses Expiry date – 20 /06/2019:

  • After big binary event Bank nifty trading between 31783 and 30000
  • Most days traded in higher side.
  • But Bank nifty prices slowly melting from life time high
  • Many times prices rejects above 31000 marks.
  • In yesterday session massive open interest changes in Call options Side
  • Huge contracts added between 31000 and 31500 strikes for 20th June weekly expiry.
  • Open interest data suggest 31500 levels will act as crucial resistance for this weekly expiry.
  • Lower side, 30000 likely to be a good support.
  • Also it’s a big psychological point for Bank Nifty. Prices likely to test again before any big move.
  • Bank nifty may trade between 32000 and 30000 ranges in coming months
  • But when it happen is a million dollar questions.
  • Today Bank Nifty may trade between 31200 and 30700.
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Price actions indicating bullishness 0 960

Pre Market Updates Tuesday June 11, 2019
Nifty levels

RollnReel top points

  • Nifty price actions indicating bullishness in the chart.
  • Whatever may be a sentiments, 12000 point may act as a resistance and support for comings weeks
  • As it is big psychological point, price may retest again and again in coming months.
  • Nifty likely to face resistance at 12040 and support at 11880

Strategies for Future contracts – Expiry date – 27/06/2019:

  • Bank Nifty and Nifty likely to trade with huge volatility. Both contracts in buy on dips and sell on rise mode.
  • Yes bank Chart suggests, it facing week resistance near 155. Sell on rise would be better strategies.
  • Relinfra and Relcapital are completely in bear control.
  • Bataindia price action suggests, can buy on dips.
  • ICICIPRULI trading near week resistance. Facing sell pressure around 390 mark.
  • Rpower and Suzlon not suitable for conservative traders.
  • UBL trading near strong support which comes around 1300. Yesterday was a short cover rally.
  • Justdial trading in neutral zone.

Disclaimer: The views expressed by investment expert on rollnreel.com are his own and data available from nseindia.com. Rollnreel.com advises users to check with certified experts before taking any investment decisions.

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