Nifty Outlook for 15th Jun

 In the previous session:

Nifty went down by 26 points then went up 53 points before closing higher by 40 points on Wednesday 

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 14th Jun:

Nifty triggered our long trade but completed just 1 target and traded sideways

For 15th Jun:

Sustaining above 18785 enter for 18800 - 18820 - 18870, SL 18765

Sustaining below 18730 enter for 18710 - 18695 - 18650, SL 18750

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 18769.70 completing our initial weekly long targets till 18715 - 18735 and closed at 18755.90

Now in the coming sessions Nifty sustaining above 18735 can move towards its last weekly long targets of 18800 - 18880 On the downside Nifty has immediate support at 18710 and has to sustain below it for a move towards 18640 - 18610

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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.