Nifty Analysis : 11 June 2019

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Hello Friends,

Nifty opened gap up at 11959.85 and started to slip down and touched today's low 11904.
However, as mentioned in yesterday's option chain analysis, addition of 11900 Put OI provided good support.

Nifty bounced from low of 11904 towards days open level & traded sideways during most of the trading session.
Bulls tried to take charge by pushing nifty towards intraday high of 12000 however, unable to sustain above 12000




For 3 days in a row nifty has formed Doji candle on daily chart.
During next trading sessions, we may see range bound movement between 12000 to 11900 levels.
Breach of these levels will decide further trend for Nifty.


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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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