Nifty future weekly technical analysis report for 12 June to 16 June 2017
Nifty future this week closed at 9681 with gain. Nifty future this week given some correction and hit low near 9600 but recovered in last and closed with gain. Nifty is in strong bullish trend and given 85+ points weekly range on consolidation. This was fifth week of gain for nifty future.
Nifty future hit high at 9710 and my given bullish targets were 9755 and then 9870.
For next week, nifty future outlook above 9520 remain bullish and trading strategy will remain buy on dips. On downside nifty future will have major support at 9600 and then 9520.
While on upside 9755 and 9870 are resistance zones as well as super bullish rally target levels for June series. Nifty future achieved my given month of May bullish swing targets of 9440 and 9555.
Nifty future from long term view, hit 2017 first investment target of 9240 and now heading towards 10400. Now hit fresh high this week at 9700+.