Nifty Trade setup for 16 JUNE 2022
Expecting a gap up opening in nifty around 15800 levels which seems to be a good resistance.
In case if Nifty could not sustain above 15800 on opening and creates any supply then we can expect Nifty to test CPR levels.
If CPR is compromised then we can expect PDL
In case if it sustains above 15800 then we can expect upper targets of PDH & 15900 levels to be tested.
Expecting a gap up opening in nifty around 15800 levels which seems to be a good resistance.
In case if Nifty could not sustain above 15800 on opening and creates any supply then we can expect Nifty to test CPR levels.
If CPR is compromised then we can expect PDL
In case if it sustains above 15800 then we can expect upper targets of PDH & 15900 levels to be tested.