Nifty Important levels and trading plan for Wednesday 15.06.22
For any opening above 15700 crossing 15760 a bullish trade can be initiated, initial target will be 15853 followed by 15962 and 16071. Opening above 15760 need to wait for a price action to complete to initiate a trade.
Opening below 15700 better to wait for price action to complete before initiating any trade. For upside move, need to wait for making higher high, and bearish trade can only be initiated after nifty crossing 15627. Between 15627 and 15760 it is no trade zone. For bearish trade 15541, 15449 and 15342 will act as major support.
Tomorrow, we need to be careful in buying trades, because of possibility of reversal, but if Nifty crosses 15628 then it is a sure fall.
#NIFTY50
Opening below 15700 better to wait for price action to complete before initiating any trade. For upside move, need to wait for making higher high, and bearish trade can only be initiated after nifty crossing 15627. Between 15627 and 15760 it is no trade zone. For bearish trade 15541, 15449 and 15342 will act as major support.
Tomorrow, we need to be careful in buying trades, because of possibility of reversal, but if Nifty crosses 15628 then it is a sure fall.
#NIFTY50
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