Nifty and Bank Nifty view for the week 11-15th Jun 2018

  Nifty and Bank nifty will see some consolidation around this week.  Fed meeting  out come on Wednesday night will have impact on Thursday trade. Even an expected rise of 0.25 (2% from 1.75%) will have only a small gap down impact, end the day it will get filled.

Below 10500 in Nifty , will alter the chart and makes us to change the medium term view in nifty, till that time we can  expect some sector rotation in nifty.

SBI looks good in monthly chart, and HDFC bank chart looks to give good support to bank nifty.

Dips near/below previous low will be the area to look for buying opportunity for the next few days.

Let see

ZT 

SBIN Looks positive in Monthly chart.

SBI MONTHLY CHART

There is positive change over happens in the sbi chart in daily and weekly as well as monthly.

There is lot of change that it may reach around 318 in the coming weeks.

I prefer to go long above 275 with stop at 259 for a target of 318 and 330 levels.

Let see

ZT

Nifty and Bank Nifty View.

Nifty and Bank Nifty formed a bearish engulf in daily chart.
Today's low (4/6) will be very important thing for tomorrow. if nifty opened below 4/6 's low then downside will be more than 1%.

10600 PE may be doubled as per 2Xpower option strategy. 26200 pe also possible of 2X.

Nifty and Bank nifty closed below LLV(low,2).  This is bearish, 20sma is nearby.

let see tomorrow

ZST

BTST BUY - BAJAJ AUTO

Buy Bajaj auto - 2915 , BTST ,  Target 2990.

Buy 3000 CE at   42- 45  Target 84-90.  (BTST),

Close the above Position on Monday evening if  Target not met.

ZT

Nifty and Bank Nifty - View on 06/01/2018

First day for the series and start of a month.

This month we have to be very cautious on long side. Don't try to trade on breakouts. Try to buy around support with strict stop loss.

Last month High on Nifty and Bank Nifty is act as inflection point.

Today we have to be cautious after 1.30 pm, selling / profit booking will come.

Let see how things span out and then we take it from there.

ZT