Nifty made a new life time high of 15800.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 10th Jun :
Sustaining above 15775 enter for 15795 – 15810 – 15860 , SL 15745
Sustaining below 15700 enter for 15680 – 15665 – 15615 , SL 15730
Now for this week :
Nifty has immediate resistance at 15710 – 15730 zone and sustaining or closing above we may see a further move towards 15790 – 15810 zone
Nifty has immediate support at 15630 – 15610 and sustaining or closing below that we may see a move towards 15550 – 15530 zone
So far this week Nifty has made a high of 15800.45 breaking above the initial resistance and also closed above it . P:ost that we saw it correct till 15566.90 testing our next support zone and today again bounce back to close above 15730 .Now sustaining above 15730 we can see a further move till 15790 – 15810 where we may see profit booking . Caution advised on holding longs once we reach these levels incase of a further upmove.
Now as long as Nifty is closing above 15340 on corrections we can see it bouncing back .
In the month of May Nifty made a high of 15606.35 and made a low of 14416.25 .
For the month of June Nifty has to give a consecutive close above 15825 for the upmove to gain strength. On the downside Nifty has to give a consecutive close below 15340 for a stronger correction.
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel “simplytradestocks” .
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