Nifty Prediction For Tomorrow | Nifty Tomorrow 27 June | Nifty
Hello Everyone,
how are you!
I am sharing nifty levels for Monday, 27 June. For the past two trading sessions we have seen good bullish momentum in the nifty and bank nifty. So, do we think the market has bottomed out and now bullish reversal is taking place?
This is nifty chart on the daily time frame. Nifty formed a low of 15,200 levels as we analyzed in our previous for nifty analysis. From these levels nifty moved to 15,700 levels from a zone of strong support.
If you see clearly, we have a flat Kijun at 16,000 levels. So, 16,000 becomes a zone of strong resistance and is also a psychological barrier for nifty. Friends, now here if you see chikou span will hit the price candles and will get in to the zone of resistance and no free run will be available for chikou to move further up.
Therefore as per my analysis, nifty will hit 16,000 levels and we can expect expiry for the June month between 15,800 to 16,000 levels.
On positional basis, we can only expect reversal in nifty only after 2 July, this is when nifty closes above 16,300 levels on daily closing basis.
So my trade plan will be to write 15700 put option and hold it till the expiry. I have a bullish view for next few days up to June Expiry.
how are you!
I am sharing nifty levels for Monday, 27 June. For the past two trading sessions we have seen good bullish momentum in the nifty and bank nifty. So, do we think the market has bottomed out and now bullish reversal is taking place?
This is nifty chart on the daily time frame. Nifty formed a low of 15,200 levels as we analyzed in our previous for nifty analysis. From these levels nifty moved to 15,700 levels from a zone of strong support.
If you see clearly, we have a flat Kijun at 16,000 levels. So, 16,000 becomes a zone of strong resistance and is also a psychological barrier for nifty. Friends, now here if you see chikou span will hit the price candles and will get in to the zone of resistance and no free run will be available for chikou to move further up.
Therefore as per my analysis, nifty will hit 16,000 levels and we can expect expiry for the June month between 15,800 to 16,000 levels.
On positional basis, we can only expect reversal in nifty only after 2 July, this is when nifty closes above 16,300 levels on daily closing basis.
So my trade plan will be to write 15700 put option and hold it till the expiry. I have a bullish view for next few days up to June Expiry.