PRE MARKET REPORT - 18 JUNE, 2020

PRE MARKET REPORT - 18 JUNE, 2020

Global Cues:- 

1. It was a roller-coaster day yesterday. We witnessed Nifty making a positive move till 10000, then we witnessed selling pressure, Ten again short covering.

2. SGX Nifty trading at 9817

3. No major local announcements in the coming period. So we will tend to follow global markets.

Technical Setup:-

Option Chain Analysis:

1. Strong Call writing at 9900, 10000 & 10200

2. Heavy put writing at 9700 followed by 9500

FII- DII Data:

Conclusion:

1. Nifty is likely to trade between 9700 to 10100

2. If any of the above levels are breached, we might witness breakout or breakdown.

3.9700 is strong support followed by 9500

4. 10000 is immediate resistance followed by 10100