Nifty Analysis : 18 June 2019

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Hello Friends,

Nifty opened flat at 11677 and through out the day remained range bound.
It touched low of 11641 but unable to sustain yesterday's low of 11657.
Nifty closed slightly positive just around 11700 levels.



It has formed a Doji candlestick pattern on the daily chart.

For coming trading sessions, breaching 11600 on the down side, may bring further selling pressure.
On the upside, if nifty manage to sustain above 11750, then it may move towards 11800 - 11850 levels.

FOMC meeting in the US will be on 19 June
Based on the outcome, we may see further reaction in the market.

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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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