Stock Phoenix’s Nifty analysis for the Month of June 2019

Welcome to the First Blog at Stock Phoenix

Nifty @Fibonacci

We will study the Nifty movement with the help of Fibonacci numbers. It’s one of the moves important and powerful indicators that will help us to arrive at the Targets for the reversal trend. It’s drawn by arriving at the top and bottom of the trend and it’s drawn to arrive at the next set of support and resistance. The higher the Time Frame, the better the results. Here we have taken the Daily charts to draw the Fibonacci Numbers. The drawing remains the same until we get a new high or new low by Nifty. Numbers 38.2% and 61.8% are considered as very crucial in the Fibonacci series.

Nifty Analysis

Nifty has made top at 12103. The index has to cross 12103 for the next level of Target 12483 which is the Fibonacci extension at 138.20%. Let’s talk about the current level. Currently Nifty is at the levels between 100% and 61.80%. Nifty has to cross the levels of 100% for the next level of the target on the upper side and it should break the level of 61.80 for the lower level for the downside targets.

As the level between 61.80% and 100% is very high, we have to look for the support and resistance between these two zones. Let’s take a look at the different levels.

Nifty has support at 11856. This is the previous lifetime high mark and this will as support for the index on the daily time frame. As long as the index closure is above 11856, Nifty will head towards the first target of 12000 and the second target of 12100. Once the lifetime high is broken at 12103, the Nifty target is open till 12483. And the level 12100 will act as strong support for Nifty.

At the same time if the Nifty breaks the zone of 11723, then the target for downside is open till the levels of 11605 and 11488. Nifty will get stronger support at the levels of 38.20%.

What are the possibilities of Nifty crossing Make or Break in June?

Even though the Fibonacci numbers are very accurate, Fibonacci analysis does not tell anything about the timeline to achieving the targets. For the time frame, we have to take help of the Nifty Option chain. The near term target can be arrived with the help of Option chain.

If we study the monthly series of Nifty Option chain, we could see the major resistance at the level at 12500 strike price with the overall OI at 2.76 Lakhs as of 7th of June and major support at the level of 11500 strike price with the overall OI at 2.78 Lakhs. So the range between two zones is high and the index is almost in the middle point.

Overall PCR ratio suggests bullishness in the Nifty and target looks strong above 12100. Along with that Nifty option also shows the resistance at the levels of 12500 and our target as per Fibonacci numbers is 12483. As long as the index is above the levels of 11856, we can see the targets of 12000 and 12100 easily. Any bullish closure candle above 12100 will give a strong zone for the next set of targets. At the same time if Nifty breaks the zones of 11856 on a closure note, then we see Index will hover around the zones of 11723 levels

Immediate Target and resistance
  • Upside Targets: 12000 and 12103.
  • Downside Targets: 11800 and 11723
Conclusion form Stock Phoenix

We see Index bullish on near term and expecting index to hit the 12K Mark ahead. Let’s wait and how and what market shows ahead for us.

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84 Comments. Leave new

  • Suresh Kumar
    June 10, 2019 1:32 am

    Good start and nice Article. Thanks for bringing up this in your website. Expect more Learning’s from Stock Phoenix.

  • Rahul Singh
    June 10, 2019 1:57 am

    Very detailed and insightful article underlining not just the targets for nifty on both sides but also clearly explaining how the targets have been arrived at by explaining the technical analysis behind it…..excellent

    • Mohamed Bilal N
      June 11, 2019 12:49 pm

      Great start and Thanks..this gives good insight about Nifty. With my 2 days of learning in Stock Phoenix, I can say this is the best place to learn about market and acquire the knowledge.

  • Mahesh Sagare
    June 10, 2019 1:58 am

    Thank you very much for such good information. This will definitely useful for new Traders.

  • Good article

  • Martinkumar Dixit
    June 10, 2019 2:26 am

    Except MA, all covered like Fibo, Option chain etc…

  • Parmar Mahendra
    June 10, 2019 2:32 am

    Help to find support and resistance of nifty

    • Very good explanation on Fibonacci number and feeling great to have found stock phoenix. Thank you😍😍

  • Ashutosh Pareek
    June 10, 2019 2:34 am

    Great Sir we predict market behaviour before start.very useful

  • You have a very good command and a keen eye to catch the expected movement¡ I think your mind is also a part of Genie!!!

  • Clear and concise.

  • Have been learning about fibonacci but this was simple and it provides enough and easy to understand information

  • Thanks nice to know about it

  • Kapil Padale
    June 10, 2019 2:50 am

    Precisely mentioned about the possibilities in nifty for June.

    • Every day i see your commodity profits n comments posted by free channel hope to be part of upcoming batch

  • Good Article….This blog will also help us to know about the stock market news if possible.

  • Deepak Kumar
    June 10, 2019 3:20 am

    Thnx for detailed insight.

  • Thiyagarajan
    June 10, 2019 3:20 am

    Got some idea on using fibonacci. Thanks for the blogging.

  • Precise and nice valuable article

  • Excellent community to enter the world of trade. Keep up the good work SP. we are growing with you. Accurate predictions as usual.

    June 10, 2019 3:30 am

    Good Article…..to know about index move clearly …

  • P Rama Krishna Prasad
    June 10, 2019 3:33 am

    Its Great. Good to start a blog. Not only for analysis, its good if good and unique learning articles are posted in blog.

  • Yashika Agarwal
    June 10, 2019 3:34 am

    The article is indeed very insightful. Thanks Stock Phoenix Team.

  • Very helpful information

  • Ashish Patil
    June 10, 2019 3:38 am

    Beautifully written. Quality information which has been articulated very well. Thank you Stock Phoenix.

  • S Venkateswara Prasad
    June 10, 2019 4:05 am

    Thanks a lot for a detailed explanation about possibilities of Nifty movement and targets on both the directions. Thanks a lot

  • Amiruddin Kaldane
    June 10, 2019 4:12 am

    Very useful information, your hard work is very much appreciated

  • Jayesh Toke
    June 10, 2019 4:15 am

    Good article…. Great initiative

  • It’s really amazing to see Stock Phoenix bringing clarity to the world of Stock Markets. As always, you never fail to raise the bar higher! Kudos to the entire team!

  • Parmar Kaushik
    June 10, 2019 4:53 am

    Its very Informative for Traders community. Traders will surely benifit from this blog. I wish Admin Mr. Prabhu to bring such kinds of ideas will definately help all the people in trading. Thanks Mr. Prabhu

  • Anmol Sable
    June 10, 2019 4:57 am

    Nice informative article.
    Thank you Team Phoenix once again.

    –Proud Phoenixan

  • Thank you so much sir for starting stock phoenix blog.

  • Vignesh Murugesan
    June 10, 2019 5:28 am

    Nice article

  • Nice article with full of info and good for directional trade..

  • Chandrasekhar
    June 10, 2019 7:00 am

    Very good move from stock phoenix team. This analysis will help traders a lot while executing trades.

  • Thank you team for bringing another good article for learning. Keep the good going on..

  • Anshul Tiwari
    June 10, 2019 8:37 am

    Good article by team phoenix as usual commendable work.

  • This initial show the ultimate Analysis of stock Phoenix. What I like about Stock Phoenix is they keep making the smart move to Provide each and every Possible Features and facility for their Students. But, the Great thing is they also Provide some Quality Stuff on a free basis. Keep Going And Growing !!

  • Hardik Mehta
    June 11, 2019 12:29 pm

    Good article about Nifty movement. This guys are doing amazing work of spreading knowledge.

  • Very informative.

  • Rupesh Yeole
    June 11, 2019 12:31 pm

    Good article by team phoenix.

  • Vishal Bahiram
    June 11, 2019 12:35 pm

    Good start and nice Article. What I like about Stock Phoenix is they keep making the smart move to Provide each and every Possible Features and facility for their Students. Thanks stock phoenix

  • hii
    I’m completely fresher to market , so I can’t give any comments right now.
    thank u

  • This Article is very nice

  • Great analysis and good to start with a blog.

  • Good one

  • Anurudh Dubey
    June 11, 2019 1:04 pm

    Nice Article !!!

  • Thanks for such a detailed analysis

  • NV Bullish buyer
    June 11, 2019 1:08 pm

    Great details…keep up the good work on your telegram post

  • Pankaj Verma
    June 11, 2019 1:15 pm

    A very well explained analysis of Nifty. Good Job and keep the rhythm going. Looking forward for further blogs.

  • Good Article. Thanks for the analysis

  • kumar sanjay
    June 11, 2019 3:00 pm

    very good analysis from many angels thanx a lot

  • Adhithya Balaji
    June 11, 2019 3:02 pm

    Good one

  • Thanks for article useful for learning

  • Rajesh Upadhya
    June 11, 2019 3:21 pm

    Nice analysis of Nifty. Gr8 beginning.
    Market may make new high in June / July before budget. Further bullishness or bearishness depends on the budget.

  • Classic Article!! Looking forward to more articles ..

  • Murali Mohan
    June 11, 2019 5:12 pm

    Thanks a lot for the article. It’s very precise and clear. Will help a lot in the future.

  • Maruthu Pandian
    June 11, 2019 6:04 pm

    Delivering a highly stuffed matter in a simple language is your uniqueness in this field!
    Keep rocking SP team 👍

  • Good Article, I’ll refer this to my friends…

  • Informative Article….

  • Very informative article

  • Prem Ranjan
    June 17, 2019 7:26 am

    Thanks stock phoenix team for sharing such a wonderful analysis on nifty downside and upside movement.

  • Very superb sir, your team is very good working. But sir I am waiting for last two days your replay for joinig us your programs. L want joining your programs or gainee. I try to talk on the telegram or whatsapp but not responds anyone so please give me replay .

    • Hi Malaram,
      Not sure which id or number you are referring. Please reach us on Telegram @StockPhoenixTeam. we are happy to help you. You can also reach us at +91 98866 38014. Or Just drop a note in our contact form with your number. we will call you back as early as possible.

  • Today 11723 played a good role ,article is quiet helpful

  • Dear Mr. Prabhu,
    Have watched millions of youtube vids on daily analysis, but this blog & yesterday’s vid analysis is spot on. It becomes so much clear what to do, when the market opens at those particular levels you have mentioned. Hats off. And thanks a bunch.
    Please do continue this blog as well as posting daily vids about the market analysis.

  • kalpesh Gohil
    June 22, 2019 8:22 am

    Superb Sir

  • Jerin Joseph
    June 22, 2019 8:56 am

    Thanks a lot for the support and information. It will be very useful in the future endeavours.

  • Comprehensive analysis. Nifty did retrace most of these levels like a magnet. Traders can use these levels blindly for reversals. Kudos to the writer. I wish to see more analysis in future. Continue the good work. Thank you.

  • Ankurkumar patel
    June 22, 2019 10:30 am

    Good article
    Stock phoenix is very very useful platform for beginners in stock market

  • Good article. Let’s see whether any impact is there in market due to ongoing tensions between US and Iran

  • Best analysis done by stock phoenix team e . I am folllowing this and results are just amazing . keep up the good work team 💪🏻🎉🙏🏻

  • Hardik Upadhyay
    June 22, 2019 12:37 pm

    Very good one and a clear picture of nifty you gave. It’s a profitable article.

  • Rajpal singh
    June 22, 2019 2:06 pm

    I join stock Phoenix team last year and they deliver us valuable knowledge of there life in market. There are less places where people’s can get such superb knowledge to make there life easy with smart money. Thank stock Phoenix team

  • Bharat Ratna Lam
    June 22, 2019 2:30 pm

    good one,, being a beginner to the stock market it is wonderful to learn nifty levels separately,, now i could clearly understand the importance fibo levels .. thanks to the SP team for educating us

    • Prasad P A V
      June 22, 2019 4:44 pm

      Very informative and great analysis.
      May I suggest that reliance futures also given in the stock phoenix levels daily
      In the genie or communication channel

  • Rajnish Mansani
    June 22, 2019 3:57 pm

    Good analysis of index for the short term and helpful for many people to quickly understand the support and resistance numbers without spending too much of time. Expect to see more such blogs regularly. Thanks Prabhu Sir and SP team.

  • Most of the levels achieved as per article. Good analysis for learning.

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  • I really like and appreciate your blog.Really thank you! Really Cool.

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  • Hi, everything is going sound here and ofcourse every one
    is sharing facts, that’s actually good, keep up writing.


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