MARKET OUTLOOK FOR NEXT WEEK :25th JUNE (MONDAY)

Trade war concerns, rise in crude oil price and weaker rupee has put breaks on Nifty future, as we have seen nifty future trading in sideways movement form past 1 month and also formed symmetrical triangle on charts.Late Friday we have witness bulls have taken charge helped by Banking and Financial stocks which helped Nifty future to close strongly above 10800 levels.Breakout is near the corner, and breakout will be considered above the level of 10870, strong closing above the level of 10800 shows bulls have upper hand and if market provide any dips then we should use that dips to accumulate stocks and index. Also on daily chart indicators shows market still have potential to break its all time high. » Read more