Nifty Analysis : 17 June 2019

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Hello Friends,

On 17th June, Nifty opened flat and immediately faced selling pressure.
Nifty opened at 11844 which is also Day's high.
Same Open & High is a bearish indication to start the day.

As mentioned in Friday's analysis, Technical indicators had already given negative indications.

Nifty faced selling pressure through out the day and touched low of 11657 before closing 11672.



Nifty have breakdown from the narrow trading range. Breaching 11650 - 11600 on the down side, may attract bears to drag nifty to fill the bullish gap zone of 11591–11426.



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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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