Nifty Prediction for tomorrow 22nd June

2021
Posted on June 21, 2021 by Mallavv

Nifty Prediction for tomorrow 22nd June 2021 Nifty trend remains down. On
pullbacks towards resistances keep shorting and keep booking regular profits.

In our previous update, we had clearly mentioned that since Mercury is still
retrograde we will keep seeing sharp counter-trend moves coming. Nifty did exactly
that. Today Nifty opened gap down and around 15530 spot levels we booked
profits in our shorts that we had initiated towards the end of trade on Friday. This
exactly what we need to do in the present circumstances because Mercury
retrograde will keep giving counter-trend moves.

However, having said that does not change the wave counts and longer-term
picture. We see that Nifty is showing fatigue signs on the higher side. Hence we do
not advocate buying on the higher side. Selling can be done but only at resistance
areas on good pullbacks till the time Mercury does not go direct.

Nifty Prediction for July 2021

Mercury will go direct shortly and Jupiter will retrograde and so will Neptune. When
3 important planets are changing directions we will see some major moves coming.
Our analysis using a combination of multiple analysis suggest lower levels are
coming in the next few days however selling must be done at appropriate
resistance zones only with strict stop loss. Nifty can test a target of 14600 over the
next few days or maybe a few weeks.
Bank Nifty Prediction for tomorrow

Bank Nifty prediction for tomorrow

Bank Nifty trend remains down. There can be some pullback but this pullback will
also lead to a lower top formation eventually.  We will not be surprised to see
30000 on the downside once this lower top is done. 

Part of what we did

[09:09, 6/21/2021] Glen Drago: Nifty book profit in 2nd part sold at 15681 spot level
at opening bell and hold part 1 shorts done at 15548 spot levels mentioned
[09:15, 6/21/2021] Glen Drago: Confirmation Nifty booked 2nd part at 15521 for sell
done at 15681 spot level
[09:16, 6/21/2021] Glen Drago: Confirmation Nifty 2nd part 15300 put buy booked
at cmp
[09:16, 6/21/2021] Glen Drago: Confirmation Bank Nifty 2nd part put buy booked at
cmp
[09:16, 6/21/2021] Glen Drago: Hold 1 Part shorts in Nifty for now

[09:23, 6/21/2021] Glen Drago: Exit all shorts for now

[09:24, 6/21/2021] Glen Drago: Confirmation closed all shorts no open positions in
Nifty Fut, bank nifty, Nifty Options or bank nifty options

As usual, if you are only trading on the basis of this post please use your own risk
management and then only trade. Please do not over-trade and always keep your
risk in check. 

For a free trial please click here.

Regards,

Glen Drago

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