Nifty Outlook for 28th Jun

 In the previous session :

Nifty went up by 80 points before closing higher by 70 points on Friday.

Nifty made a new life time high of 15901.60 in this upmove from the lows of 7511.10 made on 24th March 2020

On 25th Jun :

Nifty triggered our long trade and completed 2 targets and more doing 45 points. 

For 28th Jun :

Sustaining above 15900 enter for 15910 - 15925 - 15975 , SL 15870

Sustaining below 15825 enter for 15810 - 15795 - 15745 , SL 15850

Now for this week :

Nifty has immediate resistance at 15905 - 15935 zone and sustaining or closing above we may see a further move towards 16010 - 16030 zone

Nifty has immediate support at 15815 - 15785 and sustaining or closing below that we may see a move towards 15710 - 15690 zone

Had mentioned a few days ago "Overall in the coming sessions Nifty has to hold its support at 15430 - 15340 on corrections for a resumption of upmove for this expiry ", and we saw Nifty make a low 15450 and bounce back towards 15870 levels  

Now Nifty needs to break and sustain above 15935 for a move till 16000 and if it fails to sustain then we can see a dip again.

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

Had mentioned at the start of the June series "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." , earlier Nifty failed to give a consecutive close above 15825 after making a high of 15901.60 and we saw a sharp dip till 15450.90. Now once again Nifty has closed above 15825 on Friday and we need a consecutive close above it on Monday else cbsl for shorts is 15900

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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.