{"id":2854,"date":"2013-06-24T11:52:30","date_gmt":"2013-06-24T06:22:30","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=2854"},"modified":"2019-06-06T19:56:28","modified_gmt":"2019-06-06T14:26:28","slug":"nifty-weekly-outlook-june-24-28","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/nifty-weekly-outlook-june-24-28\/2854","title":{"rendered":"Nifty Weekly Outlook: June 24 &#8211; 28"},"content":{"rendered":"<p style=\"text-align: justify;\">The Nifty has moved in sync with our expectations during the just concluded week. The index has done nothing much since our <a href=\"https:\/\/www.fundsindia.com\/blog\/equities\/nifty-outlook-update\/2843\">previous follow-up posted on June 20. <\/a>From the 15-minute chart featured below, it is apparent that the Nifty is still chalking out a series of lower highs and lower lows, which is a sign of weakness. Unless the Nifty moves past the minor swing high at 5,690, it would be safe to work on the premise that the index is headed south.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/06\/Nifty15.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-2855\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/06\/Nifty15.png\" alt=\"Nifty15\" width=\"1340\" height=\"588\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2013\/06\/Nifty15.png 1340w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2013\/06\/Nifty15-300x131.png 300w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2013\/06\/Nifty15-1024x449.png 1024w\" sizes=\"(max-width: 1340px) 100vw, 1340px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">For short-term traders, the risk-reward matrix does not justify contemplating fresh positions at the current levels. A breakout past 5,690 would justify the case for hunting long positions to participate in a probable uptrend to 5,850-5,870 range.<\/p>\n<p style=\"text-align: justify;\">Those holding short positions in the Nifty may place a trailing stop loss at 5,700 to protect unrealized gains.<\/p>\n<p style=\"text-align: justify;\">At this moment, we refrain from providing any trading ideas as we are unable to spot anything with a good risk-reward metric. Expect an update if the Nifty does anything interesting in terms of price action. Until then, Trade Safe &amp; Don&#8217;t Get Hurt.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>The Nifty has moved in sync with our expectations during the just concluded week. The index has done nothing much since our previous follow-up posted on June 20. From the 15-minute chart featured below, it is apparent that the Nifty is still chalking out a series of lower highs and lower lows, which is a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[67,89],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nifty Weekly Outlook: June 24 - 28<\/title>\n<meta name=\"description\" content=\"The Nifty has done nothing much since our earlier update on June 20. Await an update soon.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/nifty-weekly-outlook-june-24-28\/2854\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nifty Weekly Outlook: June 24 - 28\" \/>\n<meta property=\"og:description\" content=\"The Nifty has done nothing much since our earlier update on June 20. 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