In the previous session :
Nifty went down by 306 points before closing lower by 276 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 10th Jun :-
Nifty initially triggered our short trade with a gap up near our last target for the day and fell further by 100 points.
For 13th Jun :-
Sustaining above 16245 enter for 16270 - 16305 - 16385 , SL 16215
Now for this week :
On the upside :
Nifty has to sustain and close above 16270 - 16320 where it has its initial resistance to move towards next targets of 16440 - 16470 .
Closing above 16470 Nifty may move towards further targets of 16570 - 16690 .
On the downside :
Nifty has to sustain and close below 16130 - 16090 where it has its initial support to move towards next targets of 15970 - 15930 .
Closing below 15930 Nifty may move towards further targets of 15830 - 15720 .
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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