USA GDP data is expected today evening and thus markets world wide will be jittery. Thus trade light.
Nifty Spot View: 29/06/2022
Cmp: 15850.20
Support & Downside Range: 15645—15620 zone, 15557--15469
Resistance & Upside Range: 15885—15927 zone, 15990—16025 zone, 16181
Short Term Trend Reversal Level:-- 15469 downside closing basis
Trading View: yesterday our market gave amazing close with the support of good options writing by put writers but after we close we saw strong sell off in USA market last night which may change the charting pattern as well as data for this june series expiry now for us key level to watch is 15469 spot levels which is a 61.8% fib retracement support for the move 15183 to 15927 levels till we are trading above this levels on closing basis there is a strong chance our market can do extension as there are sectors likes of #METALS #IT which need to complete its bounce , 3 days of this week is going to be very crucial to watch can nifty able to save 15500—15600 zone on closing basis or not.
Nifty importance of 15469 if #metals and #IT stocks really need to complete it bounce then nifty should hold 15469 and give us wxy sort of pattern and till we are above 15469 spot on closing basis we can not rule out this possibility.
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