In the previous session :
Nifty went up by 165 points then went down by 60 points before closing lower by 44 points on Friday
Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 03rd Jun :-
Nifty triggered our long trade and completed 2 targets and more doing 90+ points.
For 06th Jun :-
Sustaining above 16640 enter for 16670 - 16710 - 16810 , SL 16600
Now for this week :
On the upside :
Nifty has to sustain and close above 16670 - 16730 where it has its initial resistance to move towards next targets of 16880 - 16920 .
Closing above 16920 Nifty may move towards further targets of 17050 - 17190.
On the downside :
Nifty has to sustain and close below 16490 - 16440 where it has its initial support to move towards next targets of 16290 - 16250 .
Closing below 16250 Nifty may move towards further targets of 16130 - 15980 .
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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