Nifty Outlook for June Series

• Nifty reacted from the zone of support as shown in below chart, took support near  20 SMA for 2 day in row. Nifty has also been holding Murry Math Line as shown in the 2 chart suggesting buying coming at lower level. The May expiry nifty move only 137 points from expiry close to expiry close suggesting June month we can see good trending move. Last 2 expiry has been good for Option Writers, JUne can be a good month for option Buyers. As per time analysis after 14 June Bulls can have upper hand over bear We are seeing sideways correction with strong base at 8000 levels. Move above 8364 can see nifty moving towards 8420 odd levels. Move below 8270 can see 8180 odd levels. Below 8320 Fibo Retracement are at  8262/8197 levels.Disposition Effect: Why Retail traders Lose in Stock Market

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