Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in Nifty around R1 resistance level (15900).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Nifty test out Bullish Breakout zone and also possible Target 1 & Target 2 for the week.
Selling Opportunity :
16000 level is the key level to watch out, any resistance at Bullish Breakout & R1 getting compromised we can look for shorting opportunity.
Any resistance at T2 we can expect Nifty to be in the range for rest of week may be again test out 16000 & then pull back.
Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in Nifty around R1 resistance level (15900).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Nifty test out Bullish Breakout zone and also possible Target 1 & Target 2 for the week.
Selling Opportunity :
16000 level is the key level to watch out, any resistance at Bullish Breakout & R1 getting compromised we can look for shorting opportunity.
Any resistance at T2 we can expect Nifty to be in the range for rest of week may be again test out 16000 & then pull back.