Monday 25 June 2018



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Maximum long OI buildup in 10,900-CE and 11,000-CE suggests long bias in index future is likely to persist till the June series expiry, hence, a “Bull Call spread can be deployed ahead of June series expiry," Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management, said in an interview with Moneycontrol’s Kshitij Anand.

The Nifty50 on weekly basis closed flat but with a positive bias. What does weekly, and monthly chart tell about the technical picture?

The Nifty on the weekly chart ended flat, and the broader pattern suggests that the index continues to oscillate in a symmetrical triangle and steadily move towards the apex.


Crucial development that happened this week is it rebounded exactly from the 61.8 percent Fibonacci retracement level of the entire corrective leg from its recent all-time highs around 11,120 to the low of 9,952.

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