Although Nifty futures has shed more than 300 points in 2nd and 3rd June 2015 on account of Drought worries. Nifty is currently trading at approximately 8100 levels, and there are more possibilities of further fall, our proprietary trading strategy has shown that Nifty Futures for June 2015 treading on a path that has a possibility to close Nifty June 2015 series with positive note i.e. more than its opening level of 8545.
The trading strategy identifies the path being followed by each Nifty Series and compares the same with the path followed in earlier months and years. While comparing the Nifty Futures for June 2015, it has identified a similar path that was followed by Nifty for the month of September 2013.
Nifty June 2015 series still has approximate 3 weeks to go and it may continue to follow the same path like September 2013 that it has been following till date in which case it is likely to close Nifty June 2015 series with positive note i.e. more than its opening level of 8545. There is also a possibility of Nifty deviating from the current path it has been treading till date and charter a new path in future before expiry of June 2015 series in which case the scenario will be different.
Disclaimer – This is not a trading recommendation and should not be used for trading purpose.
The trading strategy identifies the path being followed by each Nifty Series and compares the same with the path followed in earlier months and years. While comparing the Nifty Futures for June 2015, it has identified a similar path that was followed by Nifty for the month of September 2013.
Nifty June 2015 series still has approximate 3 weeks to go and it may continue to follow the same path like September 2013 that it has been following till date in which case it is likely to close Nifty June 2015 series with positive note i.e. more than its opening level of 8545. There is also a possibility of Nifty deviating from the current path it has been treading till date and charter a new path in future before expiry of June 2015 series in which case the scenario will be different.
Disclaimer – This is not a trading recommendation and should not be used for trading purpose.