Nifty View today 18/Jun/18

Nifty View

NIFTY continued trading choppy today. We were anticipating a support around 10750 and that came.

In last five trading days the index is trading inside a range of just 140 points. This narrow trading suggests a big move is ahead.

Also last five days of price actions are above 10750. As far as prices are trading above this level, every dip is a buying opportunity.

A move below 10750 will signal a consolidation – avoid buying for swing traders and a short selling for intraday traders.