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.Next week we might see Nifty future correcting till 10790-10810 levels which will be good opportunity to buy and if Nifty future breaks 10870 levels then we may see Nifty future trading 10960-10990 level next week. On bigger time frame MACD, RSI and other indicators shows buying signal, so strategy to be followed for next week is buying on dips.

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

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