Nifty Analysis for Monthly Closing

By | June 28, 2019 7:53 am
  • As Discussed in Last Analysis 11848 done.Now Bulls need to close above 11871 for the upmove to continue towards 11910/11976/12040. Bears will get active below 11787 for a move back to 11721/11666.
  • 11910 done but failed to close above 11871. Yesterday was mercury ingress as discussed in below video,Nifty Bulls will get active above 11912 for a move towards 11977/12040/12100. Bears will get active below 11821 for a move towards 11777/11721/11666

  • Nifty July Future Open Interest Volume is at 1.83 core with addition  of 67 Lakh with  increase in  cost of carry suggesting short position were added today, NF Rollover cost @11841 closed above it.
  • Total Future & Option trading volume at 25.3 Lakh core with total contract traded at 1.71 lakh , PCR @1.05

Buy above 11860 Tgt 11885,11915 and 11939 (Nifty Spot Levels)

Sell below 11821 Tgt 11800,11777 and 11740 (Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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