In the previous session:
Nifty went up by 176 points before closing higher by 137 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 16th Jun:
Nifty triggered our long trade and completed all targets and more doing 140 points
For 19th Jun:
Sustaining above 18860 enter for 18880 - 18900 - 18960, SL 18835
In the Previous Week:
Nifty confirmed our weekly long trade above 18640 and almost completed all weekly long targets till 18800 - 18880 with a high of 18864.70 giving 220 points
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 18880 - 18915 to move towards its initial weekly long targets of 19000 - 19025.
Closing above 19025 Nifty may move towards its last weekly long targets of 19100 - 19190
On the downside:
Nifty has to sustain and close below its weekly support at 18770 - 18740 to move towards initial weekly short targets of 18650 - 18625
Closing below 18625 Nifty may move towards its last weekly short targets of 18550 - 18470
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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