NIFTY AND BANK NIFTY VIEW FOR THE WEEK 27-30 JUN

Nifty and Bank nifty moved in a range in the previous week.
Expiry week- Is there any breakout will happen?.

IF Nifty  opens above 9640 , it is the first signal that the entire week up to  expiry going to be bullish.
Bank Nifty open above 22635  will confirm the same,

Try to play the long side  which will give good profitable trade.


Scrip   Weekly data -  Long scrip for the week.

Security Name	OPEN	HIGH	LOW	CLOSE	range	pvt
AXISBANK	511	525.35	503.65	504.65	21.7	509.58
DCBBANK	212	212.7	198.95	199.85	13.75	202.84
DHFL	457	468.7	436	439.8	32.7	446.08
EICHERMOT	28864	28864	27050	27166.	1813.	27561.86
HDIL	92.3	94.1	84	85.85	10.1	87.45
IBREALEST	196.9	217.8	174	204.45	43.8	200.18
KTKBANK	177.6	179.45	160.95	164.95	18.5	167.58
MARICO	314.95	320.45	307.6	312.45	12.85	313.24
NHPC	33.35	34.5	32.35	32.45	2.15	32.94
SOUTHBANK	29.65	29.9	27.8	28.05	2.1	28.45
TATAMOTORS	453.8	470.75	442.4	443.15	28.35	449.86
TITAN	515.25	530.85	507.65	513.3	23.2	516.28
UPL	867.25	891.85	830.2	834.05	61.65	847.54
VOLTAS	489	492	449.5	454.3	42.5	462.53

Buy around Low and look for the target of high (previous week high). 

Eixted Nifty and Bank Nifty Short today.

Exited Nifty short at 9675 and Bank Nifty short at 23670  with loss.

Profitable Strategy.

Read Malai Hari's answer to What is the best strategy that worked for you in the Indian stock market to make a profit? on Quora

Market View at 12.00 Monday.19/6/2017

Market opened gap up and stay around 0.50 gain.    My sense will be  some selling pressure and profit booking will come this week.  So  I am talking short call in nifty and banknifty around  9640 and  23555 futures level and keep my stop around  9750 level and 23720 levels.

So   Short Nifty and Bank nifty,    the support around 23300 for banknifty and 9530 levels in nifty.

Market view for the week 19-23

Next week Nifty support is around 9530 and resistance around  9720.  Bank Nifty support at 23300 and resistance around 23670.  Buying around the lower level will be good for the upper resistance target.

Next week long side scrip, buy can be done around previous's week low.

LT
ICICIBank
Tatamotors
Tatamotorsdvr.  

Happy Trading. 

Buy Bank Nifty at 23500 stop at 23380

Buy BN at 23500 with stop at 23380  tgt 23700