Nifty Weekly Analysis for Jun 5 - 9

3 thg 6, 2023

The Nifty index displays a bullish trend in both the long-term and short-term, as indicated by the market structure.

📈 Key Levels to Monitor:
In the upcoming week, it's crucial to keep an eye on the following key levels: 18251, 18465, 18535, 18660, 18890.

🔎 Outlook:
The outlook for the upcoming week's trading suggests a non-directional market, potentially characterized by a sideways pattern.

📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18660, supported by a strong and clear daily candle, it could indicate a bullish market trend.

📉 Bearish Scenario:
However, if Nifty breaks down below 18465, confirmed by a strong and clear daily candle, it may signal a decline towards the 18050 level.

📊 Support Level:
As long as Nifty sustains above the support level of 18465, the market can be viewed as bullish.

👀 Stay vigilant and closely monitor the price action throughout the week to make informed trading decisions. Good luck! 🚀💼