Nifty Spot Outlook for 19th Jun

NIFTY

In the previous session Nifty spot opened at 10830.20 which was also its high , then made a low of 10787.35 ,  before closing at 10799.85

Had mentioned that long trade will get triggered for the day on sustaining above 10835 and short trade will get triggered for the day on sustaining below 10800. Nifty triggered the short trade and did around 20 points . 

In this week Nifty needs to break and sustain / close above 10865 to test 10915 - 10925 initially and above it we can see a test of 10970 - 11015 . Similarly Nifty needs to break and sustain / close below 10770 to test 10720 - 10710 initially and below it we can see a test of 10665 - 10620 . 

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 10815 to test 10835 - 10840 initially and sustaining above it we can see a further upmove till 10855 - 10870. Similarly breaking and sustaining below 10785 we can see a test of 10765 - 10760 initially and breaking and sustaining below it we can see a further correction till 10745 - 10730 . 

Nifty Spot Levels for the day are

Long above 10815 for 10825 - 10840 - 10870 , SL 10795

Short below 10785 for 10775 - 10760 - 10730 , SL 10805

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

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.