Nifty Outlook for 06th Jul

 In the previous session :

Nifty went up by 190 points then went down by 50 points before closing lower by 24 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 05th Jul :-

Nifty initially triggered our long trade and completed all target doing 120 points. 

For 06th Jul :-

Sustaining above 15840 enter for 15860 - 15880 - 15935 , SL 15820

Sustaining below 15780 enter for 15765 - 15740 - 15685 , SL 15800

Now for this week :

On the upside :

Nifty has to sustain and close above 15840 - 15900 where it has its initial resistance to move towards next targets of 16050 - 16090 . 

Closing above 16090 Nifty may move towards further targets of 16220 - 16360 .

On the downside :

Nifty has to sustain and close below 15660 - 15610 where it has its initial support to move towards next targets of 15460 - 15410 . 

Closing below 15410 Nifty may move towards further targets of 15285 - 15140 .

So far this week Nifty today made a low of 15661.80 almost testing our initial weekly support zone of 15660 - 15610 and bounced back to make a high of 16025.75 almost testing our next weekly resistance and target zone of 16050 - 16090 and closed at 15810.85 . Now in the coming session Nifty has immediate resistance at 15840 - 15900 on the upside . On the downside Nifty sustaining below 15780 has immediate support at 15660 - 15610,

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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.