Nifty Analysis : 10 June 2019

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Hello Friends,

Today nifty opened gap up at 11929.30 as overall global cues were positive.
Nifty gained 50 points within first 15 minutes and touched high of 11975.05.
However, it was unable to sustain at that levels and slipped below 11900 & touched low of 11871.
Nifty managed to bounce from today's low which is also Friday's closing levels and closed just above 11900 at 11922.70

In today's session, IT and Consumer Goods sectors were Top gainer & Financial Services and Energy sectors were top looser.

Daily Chart:


Nifty has formed a Doji candle on daily chart, indicating indecisiveness in the market.


11900 Put strike has seen addition of 603,975 contracts.
11800 will be important support with highest Put OI.
On the up side, 12000 continues to act as resistance with highest Call OI.

Range bound movement can be expected for few trading sessions till we see a sustainable break of resistance or support levels.


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Disclaimer: I am not SEBI Registered analyst. All above analysis are just for study purpose.
I am not responsible for any gain or loss arising out of trades taken based on the study shared above.
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Location: India

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