Thursday, June 22, 2017

Update on Nifty Spot

Caution with positional longs till 9709.30 is crossed!

Nifty and Banknifty Future Key Level(s) for 22nd Jun, 2017

TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive) 

Trade This  [ 9610-9637 - (Must touch) -  9674-9700 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 9672 .  

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Banknifty Future (Bias - Positive)

Trade This  [ - 23597-23619 - (Must touch) -  23768-23791 (Must Touch) ++]  [May not touch if price exceeds boundaries and sustains]

Weak Below / Strong Above 23732.  

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Nifty Update

Nifty has to cross 9709.30 within next 4/5 days to confirm that f-leg down was really over else we could still see some retest of the recent lows !!  As of now 9700 is a Tower of resistance. So, we remain cautiously optimistic that the g-leg might have truly started but....!