Sublime’s Technical View On Market For tomorrow(22/06/2017)
Tomorrow market is in Uptrend as nifty is closed above both the short term moving average (15 days and 30 days) and in daily chart a hammered type formation is there which is a trend reversal pattern
Relative Data as following:
RSI= 59.14(1D chart) with a hammer type pattern formation.
RSI= 52.67(1 H Chart) with a bullish engulfing pattern at 11.15 am and after that market is in uptrend.
Today’s Nifty Closing Price: 9633.60
support level =9620
Resistance level =9670
if market will cross its resistance level then it is ready to touch new all time high
Today’s FII/DII Activities:
FII Trading Activity: -153(Selling)
DII Trading Activity: -41(Selling)
Today asian markets traded down because of dip in oil prices and a negative sentiments in global market. After 11.15 am indian market recovers and leaves positive node for next day. Market will touch new high in this month because of GST implementation by next month and market is corrected enough also to take a jump.