Nifty Analysis : 12 June 2019

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Hello Friends,


On Wednesday, 12th June, Nifty opened flat at 11962.45.
Nifty index declines throughout the trading day & hit low of 11866.35.

Banking & financials and auto stocks dragged index during the trading session.


For coming trading sessions, upside may be capped at 12000 to 12050 levels. As we can see heavy call writing at these strike price.

On the down side, 11800 may provide important support & break of which may further bring selling pressure.


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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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