Nifty Outlook for 28th Jun

  In the previous session:

Nifty went up by 138 points before closing higher by 126 points on Tuesday 

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 27th Jun:

Nifty triggered our long trade and completed all our targets doing 90 points 

For 28th Jun:

Sustaining above 18850 enter for 18870 - 18895 - 18960, SL 18825

Sustaining below 18785 enter for 18765 - 18740 - 18680, SL 18810

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 18829.25 breaking our weekly resistance zone of 18720 - 18740 and closed at 18817.40.

Now in the coming session Nifty sustaining above 18755 can completed the move towards its initial weekly long targets of 18845 - 18870. On the downside Nifty has immediate support at 18720 -18755 on dips and has to break and sustain below 18720 for a move towards 18660 - 18630 levels.

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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.