Hello to all our viewers.
Welcome to Nifty analysis of Jun 22, 2020.
Market started with a small gap up on an positive note due to global queue. However it maintained the positive biased for the second half day. After the intraday low of 10072 around 9.50 AM, it started to show sign of up movement and we took buy at around 12 PM for Nifty Future based on our proprietary System. Nifty was on a firm ground but it was showing some sign of tiredness. So It has proven to be a good move to make us close our day in green. After that Market continue to show upward pressure due to short covering and oversold zone.
Post this market continued in a buy zone and our system maintained buy signal in rest of the afternoon. Market closed the day with 152points up at 10244.
The top three gainers for today are.
The top three losers for today are.
10500 has highest CALL OI
10400 has max CALL writing.
9500 has highest PUT OI
10000 has max PUT writing.
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Similar pattern were seen in BankNifty today. However most of the bank were showing lesser signs of short covering than other index stock. It made a low of 20878 around early morning. BankNifty closed the day with 381 points up at 21338
The top three gainers for today are.
The top three losers for today are.
It was not an easy day to trade for Bulls specially in the morning. In my view and most traders would have potentially lost money today if they got trapped in the sell mode at any point during the day. However we need to maintain to follow our system recommendation. Which has helped us to close our day in green.
Please share in comments below.
1.Were you trapped today in Sell sides?
2.Would you like to know more bout how our Proprietary System generated trade signals today
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Your's Shiv Kumar Verma Traders
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