Sunday 13 June 2021

Nifty Outlook for 14th Jun

  In the previous session :

Nifty went up by 97 points before closing higher by 62 points on Friday.



Nifty made a new life time high of 15835.55 in this upmove from the lows of 7511.10 made on 24th March 2020



On 11th Jun :

Nifty triggered our long trade and nearly completed all targets doing 60 points.

For 14th Jun :

Sustaining above 15835 enter for 15845 - 15860 - 15910 , SL 15805

Sustaining below 15765 enter for 15750 - 15740 - 15690 , SL 15790


Now for this week :

Nifty has immediate resistance at 15840 - 15890 zone and sustaining or closing above we may see a further move towards 15940 - 15960 zone

Nifty has immediate support at 15755 - 15710 and sustaining or closing below that we may see a move towards 15660 - 15640 zone

Caution advised on entering fresh longs once we reach the levels of 15890 - 15960 on further upmoves.

Now as long as Nifty is closing above 15560 on corrections we can see it bouncing back and closing below 15560 we may see a further correction till 15250 - 15300 levels

In the month of May Nifty made a high of 15606.35 and made a low of  14416.25 .


For the month of June Nifty has to give a consecutive close above 15825 for the upmove to gain strength. On the downside Nifty has to give a consecutive close below 15340 for a stronger correction.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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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. 

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