Nifty Outlook:-
Nifty fell sharply in the late morning deals, but rebounded in afternoon to close marginally higher on June 13. The index ended above 11,900 after testing logical support of 11,815 and formed Hammer pattern on daily charts that indicate declines are being bought near the lower band of the trading range.
Daily Chart:
Bank Nifty Outlook:
Bank Nifty managed to hold multiple supports of 30,600 and witnessed a strong recovery of 400 points towards 31,000. The index closed 10.40 points higher at 30,976.10 and formed a Hammer candle near the lower band of the trading range. The pattern indicates support based buying and now it has to hold above 31,000 to witness an upmove towards 31,313 then31,500 while on the downside major supports exists at 30,750 then 30,600,
Daily
Chart:
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