In the previous session :
Nifty went down by 53 points then went up by 51 points before closing lower by 40 points on Wednesday
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 15th Jun :-
Nifty traded between our long and short trigger zone the entire session.
For 16th Jun :-
Sustaining above 15750 enter for 15785 - 15825 - 15930 , SL 15710
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 15692.15 . Now in the coming session Nifty sustaining below 15630 can move towards 15560 - 15450 next. On the upside Nifty has immediate resistance at 15880 - 15990 on breaking and sustaining above 15785 . For any further move on the upside Nifty needs to close above 15970 .
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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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