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Tuesday, 3 June 2014

Nifty June series analysis - 3 June 2014


Nifty June 2014 series  is forming a bullish pattern.

And big base is likely to form in 7200 - 7600 zone for further up move.

Real action will start once 7600 is taken out.

If June series expire at higher end registering back to back monthly gains, then December 2014 target would be minimum 10K for Nifty.

For this series 7250 is the base now.

We were expecting a sell of 20% in June series but market has decided to go otherwise, and we are not fighting with it.

Anjum S Khan