Nifty Outlook for June Series

Nifty reacted from the zone of support as shown in below chart, took support near  20 SMA for 2 day in row. Nifty has also been holding Murry Math Line as shown in the 2 chart suggesting buying coming at lower level. The May expiry nifty move only 137 points from expiry close to expiry close suggesting June month we can see good trending move. Last 2 expiry has been good for Option

Posted in: Technical Analysis