• Deepak

Index levels & Views for 20 June

Nifty Spot closed at 11691

Resistance at 11775, 11820

Support at 11675 , 11655


BankNifty closed at 30362

Resistance at 30605, 30680, 30740

Support at 30320


View: - Market saw a sell off post opening action Yesterday, we had a view of downside of Gap fill and markets extended that too. Today again there is a expected gap up open post US Fed rate policy announcement ( No Cut ), don't expect a break of yesterday's low. Data is also pointing to a exhaustion on downside even after yesterday's big down move. Today i will looking for trades on long side in Index, today is Weekly Options expiry as well, a second half ( Post 12:10 ) rally is expected and we will be looking for upside trades for that. More updates to follow thru the day.

19 views0 comments

Recent Posts

See All

Welcome to Premium Content Here's an introduction of what's on offer and How to understand things which are shared. 1) Index References - Index levels are marked on a chart considering for intraday su