Nifty Outlook for 29th Jun

 In the previous session :

Nifty went up by 55 points then went down by 68 points before closing lower by 46 points on Monday.

Nifty made a new life time high of 15915.65 in this upmove from the lows of 7511.10 made on 24th March 2020

On 28th Jun :

Nifty triggered our long trade with a gap up and took our SL. Post that Nifty triggered our short trade and completed 2 targets doing 40 points. 

For 29th Jun :

Sustaining above 15845 enter for 15860 - 15880 - 15930 , SL 15820

Sustaining below 15785 enter for 15770 - 15750 - 15700 , SL 15810

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

So far this week Nifty has made a high of 15915.65 testing our initial resistance and corrected by more than 100 points . 

Also had mentioned in the previous post " 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.", and now Nifty has to take support at 15785 - 15815 on further corrections to make another attempt to break and sustain 15935 for a move towards 16000.

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." , Nifty had to close above 15825 today after closing above it on Friday but once again Nifty failed to do so . Now we have just 2 sessions left in this month and so far we have seen cbsl of 15900 holding for shorts .

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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.