Monday 13 June 2022

Nifty Outlook for 14th Jun

 In the previous session :

Nifty went down by 517 points before closing lower by 427 points on Monday


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 13th Jun :-

Nifty triggered our short trade with a big gap down below our last target and still fell another almost 200 points . 


For 14th Jun :-

Sustaining above 15835 enter for 15875 - 15920 - 16035 , SL 15790

Sustaining below 15710 enter for 15675 - 15630 - 15510 , SL 15755

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 .

So far this week Nifty made a low of 15684 completing all weekly short targets expected till 15720 and closed at 15774.40 . Now in the coming session Nifty sustaining below 15710 can move towards 15630  - 15510 next. On the upside Nifty has immediate resistance at 15930 - 15970 and needs to break and sustain/close above it for any further move.




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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