Tuesday 21 June 2022

Nifty Outlook for 22nd Jun

 In the previous session :

Nifty went up by 357 points before closing higher by 289 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 21st Jun :-

Nifty initially triggered our long trade and completed all targets and more doing 275+ points. 


For 22nd Jun :-

Sustaining above 15720 enter for 15770 - 15830 - 15985 , SL 15665

Sustaining below 15560 enter for 15510 - 15450 - 15290 , SL 15615

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 till 15707.25 today breaking above our next weekly resistance zone of 15620 - 15660 and closed at 15638.80 . Now in the coming session Nifty has to sustain above 15660 to move towards its immediate next resistance at 15720 - 15830.  On the downside Nifty has immediate support at 15450 - 15390 now.



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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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