In the previous session:
Nifty went up by 42 points then went down by 79 points before closing lower by 71 points on Friday
Nifty made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511.10 made on 24th March 2020
On 09th Jun:
Nifty triggered our short trade and completed 2 targets doing 50 points.
For 12th Jun:
Sustaining above 18590 enter for 18610 - 18630 - 18680, SL 18570
In the Previous Week:
Nifty confirmed our long trade above 18615 and moved till 18777 completing our weekly initial long targets and came close to our last weekly long target zone
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 18610 - 18640 to move towards its initial weekly long targets of 18715 - 18735.
Closing above 18735 Nifty may move towards its last weekly long targets of 18800 - 18880
On the downside:
Nifty has to sustain and close below its weekly support at 18520 - 18490 to move towards initial weekly short targets of 18410 - 18390
Closing below 18390 Nifty may move towards next targets of 18325 - 18250
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
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Disclaimer: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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.
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