Nifty Outlook for 15th Jun

 In the previous session :

Nifty went down by 115 points then went up by 83 points before closing lower by 42 points on Tuesday

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 14th Jun :-

Nifty triggered our short trade with a big gap down near our 1st target and took our stoploss. Post that Nifty reversed to trigger our long trade but did not complete any target and again took our stoploss . Overall Nifty indicated indecisiveness. 

For 15th Jun :-

Sustaining above 15795 enter for 15830 - 15875 - 15990 , SL 15750

Sustaining below 15670 enter for 15635 - 15590 - 15470 , SL 15715

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 15659.45 completing all weekly short targets expected till 15720 and closed today at 15732.10 . Now in the coming session Nifty sustaining below 15650 can move towards 15590  - 15470 next. On the upside Nifty has immediate resistance at 15880 - 15990 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.