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MARKET VIEW FOR 21 JUNE 2023 NIFTY50 If the Nifty index reac | ThirstyBulls™: Financial Academy

MARKET VIEW FOR 21 JUNE 2023

NIFTY50

If the Nifty index reaches the level of 18850, it may continue to rise towards the targets of 18925 and 19000.

However, if the level of 18780 is broken, it could lead to a decline towards 18720 and 18680. It is recommended to adjust your trailing stop-loss levels once either the upside or downside levels are reached.

BANKNIFTY

If the Nifty Bank index breaches the level of 43700, it is likely to pursue the levels of 43550 and 43500. In the event that this level is broken, a further downward move towards 43350 could be observed.

On the upside, for potential gains, it is important to wait for the market to surpass the level of 43850. If this occurs, the index could potentially reach levels of 44050 and 44150.

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