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    • MARKET PREDICTION FOR 16TH JUNE 2021

    MARKET PREDICTION FOR 16TH JUNE 2021

    • Posted by admin
    • Categories Market Insights
    • Date June 15, 2021
    • Comments 1 comment

    TODAY’S MARKET SNAPSHOT:

     NIFTYBANKNIFTY
    OPEN15866.9535038.05
    HIGH15901.6035317.40
    LOW15842.4034917.90
    CLOSE15869.2535247.75
    PREVIOUS CLOSE15811.8534950.60
    SUPPORT1574034650
    RESISTANCE1592035500
    VIEWSELL ON RISESELL ON RISE

    FII & DII TRADING ACTIVITY (IN Rs CRORES)

     FIIDII
    CM+633.69-649.29
    IDXFUT-11.37 
    IDXOPT-594.79 
    STKFUT+752.64 
    STKOPT-51.03 

    TODAY’S GAINERS AND LOSERS

    TODAY’S GAINERS AND LOSERS

    SYMBOLLTP%CHNGVOLUME
    ASIANPAINT3,035.002.8822,62,031
    HDFCLIFE693.851.7826,13,877
    AXISBANK748.501.6696,86,490
    ICICIBANK644.401.461,10,39,987
    HINDUNILVR2,393.901.2412,15,463
    SYMBOLLTP%CHNGVOLUME
    DIVISLAB4,319.00-1.577,98,680
    ADANIPORTS756.50-1.564,54,08,426
    COALINDIA157.10-1.413,01,53,988
    TATAMOTORS352.00-1.113,55,26,159
    BAJAJFINSV11,800.00-1.063,14,841

    Today nifty as well as bank nifty opened higher and continued upward movement throughout the trading session. Nifty formed a “DOJI Pattern” today, so investors are advised to remain cautious in next 1-2 trading sessions. On bank nifty, investors have created long positions in today’s trading session. 

    Tomorrow the nifty is expected to open flat. If nifty crosses 15900 in first hour of trade and remains above it for 15 minutes, initiate long positions for a target of 16050 with a strict stoploss at 15870. On the contrary, if nifty fails to hold 15800 in first one hour of trade, initiate short positions for a target of 15700, keeping a strict stoploss at 15830. On bank nifty, go long if it holds 35500 and remains above it for 15 minutes for a target of 36300 keeping a strict stoploss at 35300. Similarly, initiate short positions on bank nifty below 35000 for a target of 34200 keeping a strict stoploss at 35150.

    ANALYSIS OF TODAY’S DERIVATIVE DATA

    1. NIFTY
    CALL OPTION  STRIKE PRICEPUT OPTION
    OICHANGE IN OIOICHANGE IN OI
    29780-10727158004898818786
    13724-191315850143769841
    4518511029159001887914431
    2118925271595021181174
    54924115921600085781389

    As is evident from the option chain data, strong resistance for nifty exists at 16000 level while as strong support exists at 15800 level.

    • Bank Nifty
    CALL OPTION  STRIKE PRICEPUT OPTION
    OICHANGE IN OI OICHANGE IN OI 
    37471-23824350005031412894 
    12862-5859351002024815105 
    290619371352002553222258 
    3696616255353001491811891 
    1943246863540070345499 
    59602329035500111874442 

    As is evident from option chain data, 35000 is a strong support & 35500 strong resistance.

    MAXIMUM PAIN OPTIONS FOR 17TH JUNE EXPIRY

    NIFTY16000
    BANK NIFTY35500

    Sectors to watch out for tomorrow

    1. Nifty Auto (DOWN)
    2. Nifty IT (UP)
    3. Nifty FMCG (UP)

    Stocks to watch out for tomorrow:

    1. Tata Motors (Sell)
    2. LTI (BUY)
    3. GODREJCP (BUY)

    DISCLAIMER:

    The market view and investment tips expressed on website are in no way a guarantee either express or implied.

    Trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the trading calls given by EDUCASHEER should be construed as an offer to buy or sell any financial instruments, nor advice to do so. All comments and posts made by EDUCASHEER are for information purposes only and under no circumstances should be used for actual trading. Under no circumstances should any person make trading decisions based solely on the information discussed herein. It is informational in nature.

    For exact entry and exit levels, you can mail me at investor0007@hotmail.com

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    June 15, 2021

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    MARKET PREDICTION FOR 17TH JUNE 2021
    June 16, 2021

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      1 Comment

    1. urfees
      June 15, 2021
      Reply

      Nice observations

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