Nifty Analysis : 20 June 2019

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Hello Friends,

After range bound movement for 2 days, today, Nifty managed to cross & close above 11800.
Nifty opened at 11653.65 and touched low of 11631.75 but could not sustain and break yesterday's low.
Bulls took charge to push Nifty towards intraday high of 11843 before closing 11831.75.



On daily chart, nifty has formed a strong bullish candle.
Nifty closed above 20 EMA, which is providing good support.

27 June Option Chain shows, maximum Put OI at 11700 followed by 11500 levels
Put writing was seen at 11800 followed by 11700 levels.
This should act as support levels.
Maximum Call OI is at 12000 followed by 12200 levels which should act as resistance level.


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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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