Weekly Spot Outlook Of Nifty for 15th to 19th Jun

In the previous week : 

Nifty went up by 186 points then went down by 598 points before finally ending the week with a loss of 169 points compared to last weekly closing. 

Nifty initially triggered our long trade last week and completed our initial 3 targets giving 100 points. Post that Nifty took our TSL and reversed to trigger our weekly short trade and completed all targets giving 395 points.

Nifty had made a new life time high of 12430 on 20th January and has since then corrected to 7511 on 24th March . 

Nifty for this week :

• Sustaining above 10045 enter for 10085 - 10120 - 10155
• Further sustaining above 10205 enter for 10235 - 10340 - 10450

• Sustaining below 9900 enter for 9860 - 9825 - 9790
• Further sustaining below 9740 enter for 9710 - 9610 - 9495

As per the levels mentioned above Nifty has immediate resistance at 10045 - 10085 zone and immediate support at 9900 - 9860 zone for this week. 

How to use these levels  

• For longs/shorts enter on breaking above the first weekly levels mentioned and hold on sustaining above /below the highlighted green/red level and look to book partly/fully once it completes its initial 3 targets . Re-enter if price again breaks above/below the further first level mentioned and hold on sustaining above/below the highlighted green/red level for next targets  . 

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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.