Nifty Analysis : 26 June 2019

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Hello Friends,

Today Nifty opened slightly negative at 11768. In the initial 10 Minutes, gained momentum and rallied above 11800.
Through out the day, nifty remained range bound between 11840 and 11800.

After 2 PM Bulls finally took charge to push nifty above 11850.
It made high of 11871 before closing just below 11850 at 11847.55.


On daily chart, nifty has formed a bullish candle ahead of Monthly expiry.
However, It has not able to sustain above 11850 the range bound movement can be expected in coming sessions.

11800 Put strike has seen highest OI addition today which should act as important support.
On the upside, 11900 to 12000 levels have maximum OI which shows important resistance.

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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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