Nifty Outlook for 23rd Jun

 In the previous session :

Nifty went down by 253 points before closing lower by 225 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 22nd Jun :-

Nifty triggered our short trade and completed 2 targets and more doing 175+ points. 

For 23rd Jun :-

Sustaining above 15490 enter for 15540 - 15600 - 15740 , SL 15435

Sustaining below 15335 enter for 15290 - 15230 - 15100 , SL 15390

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 breaking above our next weekly resistance zone of 15620 - 15660 and closed today at 15413.30 . Now in the coming session Nifty has to break and sustain above 15520 for a move towards its next resistance zone of 15620 - 15660  On the downside Nifty breaking and sustaining below 15300 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" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.