Tuesday, June 21, 2016

Nifty Analysis for 21 June

Yesterday Nifty daily chart formed a bullish candle. This pattern suggests us that the bulls are in control.

On intra-day chart Nifty is now trading near a 15 min supply zone. Nifty can see some pressure during first half of the trade today. Aggressive traders can go short near current levels.

A better trade can be a long trade near support at 8200-8190 level.

If Nifty moves beyond 8255, it’s a buy with a greater conviction.

Nifty 15 min Chart

 


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My Latest articles:

Potential to move 46% from current level- Kiri Industries (Written on June 6, this stock moved over 50% since the date of article)


Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisory before taking any decisions based on above write-up. 

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