Nifty Outlook for 23rd Jun

 In the previous session:

Nifty went up by 29 points then went down by 97 points before closing lower by 85 points on Thursday 

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 22nd Jun:

Nifty initially triggered our short trade and completed 2 targets and more doing 60 points

For 23rd Jun:

Sustaining above 18800 enter for 18820 - 18840 - 18890, SL 18780

Sustaining below 18740 enter for 18725 - 18700 - 18650, SL 18765

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

So far this week Nifty made a high of 18881.45 testing our weekly resistance zone of 18880 - 18915 and corrected to make a low 18660.65 almost reaching our initial weekly short targets of 18650 - 18625 and closed at 18771.25

Now in the coming session Nifty sustaining above 18800 has immediate resistance at 18880 - 18915 and has to break and sustain above it for a further move towards 19000 - 19025. On the downside Nifty on sustaining below 18740 has immediate support at 18650 - 18625.

In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.                              

To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.

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.