Note : The contents of the blog are personal views of the writer only for educational purpose on Index. Consult your Financial Advisor before taking and Trade.

 

 

Dated :- 13.06. 2021                                 NIFTY SPOT : 15799.35

                                                                                                         

Hi Readers

 

First of all I am Happy to inform you that we have created our You Tube Channel. Name of the channel is My Money Mind.

Link for the You Tube channel:-

https://www.youtube.com/channel/UCdPxcgXXKLV15NL6H_VcQwQ/videos

 

Now the regular Blog:-

 

Nifty respected our levels and above 15724 it made a high of 15835 and closed at 15799.

On lower side Nifty took support at our mentioned level of 15592 and rebounded.

 

Now what :-Nifty has made Doji pattern on daily charts and Hanging Man pattern on weekly charts.

Now for the coming week below 15676 Nifty will show signs of weakness and once it will stay below 15608 more weakness will open up in Nifty.

I will not be a buyer in the coming week but will wait for my levels and weakness in Nifty.

Bank Nifty will hold the key for the down side for Nifty.

Below 34801 Bank Nifty will also start showing signs of weakness and Stay below 34572 more downside will open for Bank Nifty.

The trade Idea is to wait on sidelines and not be a buyer in the coming week and look for shorting possibilities considering the above levels.

 

 

Note - ALL THE LEVELS OF NIFTY ARE of SPOT ALWAYS.

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