Nifty Important levels and trading plan for Monday 20.06.22

2022年6月19日

For tomorrow ideal opening will be anything between 15400 and 15235. Any opening between these two levels and crossing 15400 and sustain, we can go for bullish trade. 15523, 15669 and 15721, 15863 will be the major resistance levels. We will consider nifty to be bullish after it crossing 15721 level only. Before that level it is always a careful trade. Now any opening between levels 15400 and 15235, we need to wait for a bear support levels. Similarly opening above 15400 level or below 15235 level we need to wait for price action to complete before entering into any trade.

15700 has highest OI in CE side followed by 15800 and 15500, again 15000 has highest OI in PE side followed by 15300 and 15200. Certainly, we will have to be careful at those level also.

Important point for tomorrow- narrow CPR of Nifty tomorrow
*All support/resistance levels will only be applicable when nifty bounces back without breaking PDL or PDH. If it breaks PDH/PDL then do the reversal then the levels will be slightly different. *
**Personal opinion, not a trading advice**

#NIFTY50