Nifty future in month of May closed at 9629 with huge gains. This was straight fifth gaining month for nifty future. In May nifty future hit low at 9280 and closed at month high of 9640.
Almost 350+ points gain in May 2017. In last 5 months nifty future rallied from low of 8151 to high of 9640 so almost 1500 points or 18% return in last 5 months in nifty future.
For month of June 2017, nifty future outlook remain bullish above 9510 on daily closing basis. On upside my bullish swing targets zones are 9750 and then 9870. Below 9510, expect deep correction and consolidation up to 9400 to 9150.
Nifty Future traders keep buy on dips trading strategy for nifty future in June above 9510 and book profits around 9750 and then 9870. Below 9510, nifty might turn bearish and strategy become sell on rise.
From investment view, nifty future hit my 2017 first target of 9320 and now heading for next investment target of 10400.