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vyas1394
Jun 23, 2021 4:54 PM

Nifty view and levels for 24/06/2021 

Nifty 50 IndexNSE

Description

NSE:NIFTY
Important levels for nifty are marked on the charts on a 15min close basis.
15630-15632 will be a very important support for nifty on a 15min/1hr close basis. this level is 61.8% retracement os the previous upside rally and it is a good price action support.
On the upside 15773 on a 15min close basis will be a important resistance. SLs of short sellers will be above this range . a 15min close above this level can take market to 15800 easily.
15800 has max OI on call side
15600 has max OI on put side
straddles likely at 15700 with 100rs premium which again shows 15600-15800 will be the range.
european markets were down and American markets are trading flat currently.
Tomorrow monthly expiry plus reliance agm irrational moves are possible.
This is my personal view on the market.

Comments
similarRhino62112
Reliance AGM - they are going to announce the new product company m and a plans. Jio entity listing separately. It’s not going to make big impact in this present market condition.

When people are dieing Because of pandemic and waves. What we are going to do with the technology updates. Rich become richer that’s specially G state based business people. Poor and middle class people are dieing. SME and MSME industry is struggling. They are not able to meet the basic emi also. Business shutdown is more now a days. Unemployment increases.

More than technology development now we need proper health infrastructure jn india. Food needs wants to get satisfied. People wants to live in this world.

Ambani is pure business man. He acquires majorly his brother fraud companies via nclt settlement. Share holders of so and so Anil Ambani group if companies become beggar.

Reliance is the major culprit related to new farmers law. Lot of farmers dieing because of this group only.

Aramco deal will not take place in this pandemic plus oil market struggling situation. It’s just eye wash for time being. It will happen or not no one knows.

We want to boycott jio products it’s good for india.

Market bubble will melt more and more continuously. You can’t fool around and manipulate continuously.
vyas1394
@similarRhino62112, hehe looks like you are not a RIL investor.:P
after all how markets react is important.
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