Nifty Outlook for 28th Jun

  In the previous session :

Nifty went up by 228 points before closing higher by 132 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 27th Jun :-

Nifty triggered our long trade with a big gap up and did not give a chance to trade. Post that Nifty traded sideways for the session. 

For 28th Jun :-

Sustaining above 15930 enter for 15965 - 16000 - 16130 , SL 15855

Sustaining below 15760 enter for 15715 - 15660 - 15530 , SL 15810

Now for this week :

On the upside :

Nifty has to sustain and close above 15820 - 15890 where it has its initial resistance to move towards next targets of 16080 - 16130 . 

Closing above 16130 Nifty may move towards further targets of 16300 - 16480 .

On the downside :

Nifty has to sustain and close below 15580 - 15510 where it has its initial support to move towards next targets of 15320 - 15270 . 

Closing below 15270 Nifty may move towards further targets of 15100 - 14920 .

So far this week Nifty has made a high of 15927.45 breaking above initial weekly resistance zone of 15820 - 15890 and closed within it at 15832.05 . Now in the coming session Nifty has immediate support at 15760 and breaking and sustaining below it Nifty can move towards its initial weekly support zone of 15580 - 15510 . On the upside Nifty has immediate resistance at 15930 and has to break and sustain above it to move towards its next weekly resistance zone of 16080 - 16130. 

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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.