Nifty Outlook for 21st Jun

 In the previous session :

Nifty went down by 102 points then went up by 89 points before closing higher by 56 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 17th Jun :-

Nifty initially triggered our short trade and completed just 1 target doing 35 points and took our TSL. Post that Nifty reversed to trigger our long trade but missed our 1st target by 8 points. 

For 21st Jun :-

Sustaining above 15415 enter for 15455 - 15500 - 15620 , SL 15370

Sustaining below 15285 enter for 15245 - 15200 - 15080 , SL 15330

Now for this week :

On the upside :

Nifty has to sustain and close above 15390 - 15450 where it has its initial resistance to move towards next targets of 15620 - 15660 . 

Closing above 16660 Nifty may move towards further targets of 15800 - 15960 .

On the downside :

Nifty has to sustain and close below 15190 - 15130 where it has its initial support to move towards next targets of 14970 - 14930 . 

Closing below 14930 Nifty may move towards further targets of 14790 - 14630 .

So far this week Nifty made a low of 15191.10 near our initial weekly support zone of 15190 - 15130 and bounced back to close at 15350.15 . Now in the coming session Nifty has immediate resistance at 15390 - 15450 which it needs to break and sustain above for a further move towards 15620 - 15660 levels . On the downside Nifty has immediate support at 15190 - 15130.

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.