NIFTY FOR THE DAY 17-JUN-2021

NIFTY
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NIFTY MADE NEW HIGHS IN THE PAST WEEK. FEW DAYS BACK, IT FAILED TO PASS 15818. I THOUGHT THAT, NIFTY WILL GIVE A CORRECTION. BUT 2 DAYS BACK, IT MADE A NEW HIGH. WHICH MAKE ME THINK, THAT THE NEW HIGHS ARE STILL IN TRACK. BUT NOW, I AGAIN FALL BACK TO THE CORRECTION MINDSET.

NIFTY MAY CORRECT UPTO 15400 - 15300 LEVELS.

ANALYSIS
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GENERALLY I DONT BELIEVE IN ZERO-TO-HERO TRADES. BUT TODAY, WE MAY GET ONE.

NIFTY MAY FEEL RESISTANCE AT 15724 AND IF WE SEE ANY REVERSAL WE CAN SELL FOR A TARGET OF 15650.
NIFTY MAY FIND SUPPORT AT 15650, AND IF WE SEE ANY <b>STRONG</b> REVERSAL, WE CAN BUY FOR A TARGET OF 15700.

ZERO-TO-HERO
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NIFTY MAY FEEL RESISTANCE AT 15724 AND IF WE SEE ANY REVERSAL WE CAN SELL FOR A TARGET OF 15650. NIFTY MAY EVEN GO BELOW THAT.
BUYING 15700PE AT 15724 WILL BE A GREAT TRADE, IF NIFTY GOES BELOW 15650. IT MAY GO TILL 15560.

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