Nifty Outlook for 13th Jun

 In the previous session:

Nifty went up by 70 points then went down by 3 points before closing higher by 38 points on Monday 

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 12th Jun:

Nifty triggered our long trade and completed 2 targets doing 40 points.

For 13th Jun:

Sustaining above 18630 enter for 18650 - 18670 - 18720, SL 18610

Sustaining below 18570 enter for 18555 - 18535 - 18485, SL 18595

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

So far this week Nifty has made a high of 18633.60 testing its weekly resistance zone of 18610 - 18640 and closed at 18601.50 

Now in the coming sessions Nifty has to sustain / close above 18640 to move towards its initial weekly long targets of 18715 - 18735. On the downside Nifty has immediate support at 18520 - 18490 and has to break / close below it for a further dip

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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.