Nifty Analysis : 19 June 2019

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Hello Friends,

Today nifty opened gap up at 11744 and rallied towards 11802.

However faced strong selling pressure and bears dragged Nifty below 11700. 

Nifty touched low of 11625 before which is just below yesterday's low. Bulls then took control to push Nifty towards 11700 levels.



On daily chart, it has formed Spinning Top pattern which indicates there is uncertainty and indecisiveness among traders in the market.

Nifty is trading in range of 11600 to 11800.

In coming trading sessions, we may see some reaction post Federal Reserve's interest rate decision which is due tonight.

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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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