Nifty Spot Outlook for 13th Jun

NIFTY

In the previous session Nifty spot opened at 10816.15 ,  made a low of 10789.40 , then made a high of 10856.55 ,  before closing at 10842.85

Had mentioned that long trade will get triggered for the day on sustaining above 10810 and short trade will get triggered for the day on sustaining below 10765. Nifty triggered the long trade and did around 40 points . 

Had mentioned that " In the coming week Nifty needs to break and sustain / close above 10835 to test 10910 - 10925 initially and above it we can see a test of 10990 - 11055 . Similarly Nifty needs to break and sustain / close below 10700 to test 10625 - 10610 initially and below it we can see a test of 10545 - 10480 . " , and Nifty has confirmed the weekly longs at close marginally and now in the coming session needs to sustain above 10835 for a test of 10910 - 10925 . 

For the month of June ,Nifty longs will get confirmed with a consecutive close above 10905 for a initial target of 11085 - 11125 and sustaining / closing above it we can see a further test of 11280 - 11450 . Similarly , shorts will get confirmed with a consecutive close below  10565 for a initial target of 10390 - 10345 and sustaining / closing below it we can see a further move till 10190 - 10025 . 

Now in the coming session Nifty needs to break and sustain above 10865 to test 10890 - 10900 initially and sustaining above it we can see a further upmove till 10920 - 10945. Similarly breaking and sustaining below 10820 we can see a test of 10795 - 10785 initially and breaking and sustaining below it we can see a further correction till 10765 - 10740. 

Nifty Spot Levels for the day are

Long above 10865 for 10880 - 10900 - 10945 , SL 10835

Short below 10820 for 10805 - 10785 - 10740 , SL 10850

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.