In the previous session :
Nifty went up by 21 points then went down by 90 points before closing lower by 66 points on Tuesday.
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 29th Jun :
Nifty triggered our short trade and nearly completed all targets doing 60 points
For 30th Jun :
Sustaining above 15780 enter for 15795 - 15810 - 15855 , SL 15755
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 200 points . Nifty broke below our initial support zone and also closed well below 15785 and now as long as it below 15815 we can see a move towards the next support zone of 15710 - 15690 and breaking and sustaining below it can fall further towards 15625 - 15550
Nifty failed to break and sustain above 15935 for a move towards 16000+ and has now broken and closed below 15785 too indicating weakness .
In the month of June Nifty made a high of 15915.65 and made a low of 15450.90 .
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 1 session left in this month and so far we have seen our 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.
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