Nifty Weekly View 5th-9th June

Last week was consolidation week for nifty before next trending move as TCL followers rewarded with around 60 points on sell side, for next week range of 9600 – 9650 will be watched closely for next trending move

 

As per above Nifty price vibration chart bulls are in full control above 9650 & can take nifty towards 9725 / 9820 , bears will have chance only on close below 9600 for move towards 9530 / 9450

 

New time cycle has been started from 30th may, below i have also marked the past moves of this short term time cycle

 

9th june is Gann date for Nifty, we can expect some volatility or we can see short term top or bottom over around this date

 

Nifty Trend Changing Level 9634

 

Nifty Weekly Trading Levels

Buy Above 9710

Target – 9760 / 9830 / 9920

Sell Below 9600

Target – 9550 / 9480 / 9390

 

 

. Kindly note above mention levels are for Nifty cash 

. Always trade with stoploss & book partial profit as 1st target reach or trail stoploss

 

Note: These are my personal trading views , before taking trade kindly consult your trading adviser & kindly see disclaimer 

Click Here to Leave a Comment Below

Leave a Reply: