Starting a new series today. May was the month of contraction, hence tight range for the whole month. June should be different with some clear moves. Depends on which side. Nifty has been trading near the highs which is a good sign, but support from indicators is missing. Global markets are volatile and the same should be experienced here also.
The monthly and weekly charts are not weak but do lack strength. June can be month of stock picking with Midcap index outperforming Nifty.
The monthly and weekly charts are not weak but do lack strength. June can be month of stock picking with Midcap index outperforming Nifty.
Make use of our bank nifty option tips and be a winner in life.
Nifty. Sharp recovery lead to a higher closing above monthly POC of 18235. Now Nifty spot range for the day should be 18200 and 18380.
BankNifty. Too much time spent in the range of 43300 and 44100. Too tight a range to sustain. A break is about to happen, hence will wait before deciding anything. For me, it's a no trade zone.
Rollover data came in late last night, will share it today after market hours.
Nifty. Sharp recovery lead to a higher closing above monthly POC of 18235. Now Nifty spot range for the day should be 18200 and 18380.
BankNifty. Too much time spent in the range of 43300 and 44100. Too tight a range to sustain. A break is about to happen, hence will wait before deciding anything. For me, it's a no trade zone.
Rollover data came in late last night, will share it today after market hours.
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