Thursday 14 June 2018

Nifty Market Trading Tips


Nifty traded with a positive bias right through the day before trimming gains in the final hour of trade as traders expressed concern ahead of the crucial Federal Reserve monetary policy meeting, which would announce the policy later in the day. A 25bps hike is expected.

Resistance 10880/10950

Support 10830/10750



Bank Nifty 

Bank Nifty started on a positive note failed to hold on to momentum and witnessed profit. Traders preferred to book profits ahead of the crucial US Fed outcome but the positive takeaway is that the index managed to close above 26600 mark.

Resistance 26800/27060

Support 26280/25900




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