Nifty To Inch Towards 9,700; 5 Stocks Which Can Give Up To 13% Return In Short Term

In June series, most of the Nifty futures have been rolled over in the band of 9,360 to 9,500 with average long rollover around 9,430. The current outstanding open interest for Nifty futures is 2.07 crore shares.

Therefore, strategy for June series should be buying on dips if we get any dip near 9,500-9,550 as from current levels 9,500 should act as strong support.

From the last few sessions, Nifty is showing sideways moves but with positive bias along with the addition of decent open interest.

The Nifty has added nearly 19 lakh shares of open interest in last two days indicating accumulation in consolidation indicating a fresh up move towards 9,700 soon.

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