Nifty Outlook for 27th Jun

 In the previous session:

Nifty went up by 56 points then went down by 18 points before closing higher by 25 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 26th Jun:

Nifty triggered our long trade and took our stoploss 

For 27th Jun:

Sustaining above 18720 enter for 18740 - 18760 - 18810, SL 18700

Sustaining below 18660 enter for 18645 - 18620 - 18570, SL 18685

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

So far this week Nifty has made a high of 18722.05 testing our weekly resistance zone of 18720 - 18740 and closed at 18691.20.

Now in the coming session Nifty has to break and sustain above 18720 - 18755 to move towards 18845 - 18870. On the downside Nifty has immediate support at 18615 - 18575.

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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.