Nifty Outlook for 24th Jun

 In the previous session :

Nifty went up by 215 points then went down by 46 points before closing higher by 143 points on Thursday

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 23rd Jun :-

Nifty triggered our long trade and completed 2 targets and more doing 125+ points. 

For 24th Jun :-

Sustaining above 15640 enter for 15685 - 15745 - 15900 , SL 15580

Sustaining below 15470 enter for 15425 - 15370 - 15220 , SL 15530

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 15556.65 . Now in the coming session Nifty has to break and sustain above 15660 for a move towards its next resistance zone of 15730 - 15830  On the downside Nifty breaking and sustaining below 15350 has immediate support at 15190 - 15130 .

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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.