In the previous session:
Nifty went up by 124 points before closing lower by 105 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 23rd Jun:
Nifty initially triggered our short trade and completed all targets doing 90 points
For 24th Jun:
Sustaining above 18700 enter for 18720 - 18740 - 18800, SL 18675
In the Previous Week:
Nifty traded sideways between our weekly support and resistance zone and did not give a trade
Now for this week:
On the upside:
Nifty has to sustain and close above its weekly resistance at 18720 - 18755 to move towards its initial weekly long targets of 18845 - 18870.
Closing above 18870 Nifty may move towards its last weekly long targets of 18945 - 19030
On the downside:
Nifty has to sustain and close below its weekly support at 18615 - 18575 to move towards initial weekly short targets of 18490 - 18460
Closing below 18460 Nifty may move towards its last weekly short targets of 18390 - 18300
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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