Nifty outlook 16-06-2026 ! This is a classic โBreakout vs Profit Bookingโ zone.
Bulls want a move above 24,000
Bears are defending psychological resistance
Expect volatility around this level
My current bias:
๐ข Bullish above 24,000 sustain
๐ก Range-bound between 23,800โ24,000
๐ด Bearish only below 23,800
Disclaimer: This is just a view for educational purpose.
Market indices
NIFTY REALTY ripe for a BreakoutTake a look at the NIFTY REALTY chart on the Weekly & Daily Time frames.
The index has been correcting since it peaked in June 2024. Almost 45% correction till March 2026.
In March 2026, there was sharp buying witnessed from a strong support zone of 603 price.
This means that there is strong demand at this level.
Further, look closely and you will be able to observe a reverse Head & Shoulder pattern forming on the Weekly & Daily charts. This is further confirmation of a reversal in play.
The Weekly RSI also is holding strong above 50.
If we get a strong Weekly candle close above 830 price levels, this would be a confirmed entry for Bullishness.
There is a high likelihood of price testing the All time High.
Nifty - Expiry day analysis June 16Opening was a gap up and bullish, but the price faced resistance at the 24000 - 24020 zone and fall. Nearby support is in the 23740 zone as per the daily chart.
If the price did not gain strength, it can move within the range of 23700 to 24000. It will sustain 24000 zone if the price gains bullish strength. The price will break 23700 and move towards the 23500 zone if it gains bearish strength.
Let us assume the price opens flat. In that case, buy above 23920 with the stop loss of 23860 for the targets 23960, 24000, 24060, 24120 and 24180.
Sell below 23780 with the stop loss of 23840 for the targets 23720, 23680, 23620, 23580 and 23540.
The expected expiry day range is 23700 to 24200.
Always do your analysis before taking any trade.
Nikkei Strengthens: BOJ's Interest Rate Hike DoctrineNikkei Strengthens: BOJ's Rate Hike Doctrine & Toichiro Asada's Dovish Faction Breakdown
The regular trading session on the Tokyo Stock Exchange on Tuesday afternoon, June 16, 2026, officially closed, locking in a powerful upward reversal (turns higher).
Japanese financial markets firmly resisted panic over a new era of high interest rates, instead choosing to appreciate the courage of the BOJ Governor, who legally acted decisively to protect the Yen exchange rate from the shock of global upstream commodity import inflation.
------------------------------------------------------------------------------------------------------
The Nikkei 225 index's acceleration to its all-time high was driven structurally by the legal certainty of Japan's upstream monetary policy, which clashed with the internal debate within the committee:
โ
BOJ Raises Benchmark Interest Rate by 25 Basis Points to 1.00%
- โกSteps in Accordance with Consensus: The Bank of Japan officially executed a 25 basis point (bp) increase in its benchmark interest rate, locking the rate at 1.00%.
- โกYen Stabilization Target & Energy Inflation: This hawkish measure was released as a comparative legal draft to curb the seepage of domestic inflation that had swelled due to the Strait of Hormuz conflict (Week 13), while also providing a rigid anchor to prevent the yen's persistently weak exchange rate against global currencies.
------------------------------------------------------------------------------------------------------
โ
Sectoral Transmission: AI Data Center Component Hysteria & Swiss Route Obstacles June 19
This macroeconomic stimulus triggered a global liquidity surge that hit the Japanese electronics and hardware components cluster:
The massive buying spree was led aggressively by issuers supporting the world's physical network and server infrastructure:
- โกFujikura ($5803) Flying Rampage +8.8%: Leading the Japanese tech rally, responding directly to the surge in demand for copper and fiber optic cables in global data centers following the catalyst of OpenAI's secretive IPO and SpaceX's historic $2 trillion debut.
- โกTaiyo Yuden (+6.2%) & Murata Manufacturing (+5.9%): The multilayer capacitor (MLCC) manufacturing giant surged, validating the return of physical orders for upstream digital components.
- โกKioxia Holdings (+4.4%) & Advantest (+3.1%): The flash memory cluster and semiconductor test equipment continued to post daily gains.
SENSEX (BSE): INSTITUTIONAL LEVELS FOR 16/06/2026 $๐น Overview
A simple yet powerful trading system for active 5-minute timeframe traders, built for quick, confident decisions in fast markets.
๐น Key Guidelines
๐ Retest Entries: Prefer retests over breakouts.
โ
Multiple Confirmations: Validate trades with 2+ signals.
๐ฐ ATM Options: Stick to at-the-money (ATM) or above for better liquidity and risk control.
๐น System Logic
Uses volume, historical price action, and ranges to find high-probability entries and exits, reducing guesswork and keeping trading consistent.
๐น Entry & Exit Signals
๐ต Blue Line: Possible long entry.
๐ด Red Line: Possible short entry.
๐ก Always align with extra confirmations for best results.
๐น Stop Loss & Target
๐ Long SL: Below the nearest red line.
๐ Short SL: Above the nearest blue line.
๐ฏ Long Target: Next red line above.
๐ฏ Short Target: Next blue line below.
๐น Timeframe
โฐ Best for the 5-minute chart.
๐น Risk Note
โ ๏ธ Trade responsibly. Use only capital you can afford to lose.
๐น Community
๐ฅ Join discussions, share ideas, and grow with like-minded traders!
๐น Original System
โจ 100% original, tested in real markets for a true trading edge.
NIFTY KEY LEVELS FOR 16.06.2026NIFTY KEY LEVELS FOR 16.06.2026
Recommended Timeframe: 3 Minutes
If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend.
When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance.
If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways
Want to master this strategy and apply it to your daily trading? Reach out to me for details.
please like, comment and share my idea if you find it helpful
๐ข Disclaimer
I am not a SEBI-registered financial adviser.
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments.
Please consult with your SEBI-registered financial advisor before making any trading or investment decisions.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research
Nifty50 analysis(16/6/2026)Expiry day.
CPR: Narrow + ascending cpr : Trending.
FII: 200.05 bought
DII: 3,189.26 bought
Highest OI:
CALL OI: 23900 and 24000
PUT OI: 23500
Resistance: - 24000
Support : - 23800
conclusion:.
My pov
1.Almost 100 point gap up, 24000 has huge oi resistance, today can be volatile due to expiry ,
2. price have to take support at 23800 or 20ma(green line) to move higher
3. expiry day can be volatile we can wait for the confirmation and trade accordingly.
Psychology:
โAnyone can deal with victory. Only the mighty can bear defeat.โ
โ Adolf Hitler.
note:
8moving average ling is blue colour.
20moving average line is ย green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
Disclaimer:
Iam not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.+
Nifty 1D Chart UpdateThe index has broken its trendline. Based on chart structure, a pullback toward the previous dayโs candle high looks likely to fill the gap before the next move.
Watch this retracement zone closely for confirmation.
24,000 remains a major resistance level that could cap further upside.
Letโs observe how price reacts at these levels to gauge the next directional move.
#NIFTY Intraday Support and Resistance Levels - 16/06/2026Nifty 50 is expected to open with a gap-down bias near the 23800โ23850 zone after facing profit booking from higher levels in the previous session. Despite the recent weakness, the broader trend remains positive as the index continues to trade above major support levels. Traders should watch the opening range carefully, as volatility may increase around key support zones.
For today's session, 23750โ23800 remains the immediate support and reversal buying zone. If Nifty sustains above this area and attracts fresh buying interest, it can move towards 23850, 23900, and 23950+ levels. A strong breakout above 24050 may further strengthen bullish momentum and open the path towards 24150, 24200, and 24250+ levels.
On the downside, 23950โ23900 acts as the primary resistance-based shorting zone. Failure to sustain above this range may trigger selling pressure towards 23850, 23800, and 23750 levels. If the index breaks below the crucial 23750 support, bearish momentum could intensify, leading to a decline towards 23650, 23600, and 23550 levels.
Overall, the market structure remains cautiously bullish despite the expected gap-down opening. Traders should focus on price action around the 23750โ23800 support zone for potential reversal opportunities. Maintaining disciplined stop-losses and booking partial profits near target levels is advisable, especially as the market approaches important resistance zones.
#BANKNIFTY Intraday PE & CE Levels(16/06/2026)Bank Nifty is expected to open with a flat bias near the 57150โ57200 zone after a strong upside move in the previous sessions. The index is currently consolidating near higher levels, indicating a healthy pause within the ongoing bullish trend. Price action remains positive as long as key support zones continue to hold.
For today's session, 57050โ57100 remains the immediate buying zone. A sustained move from this area can push Bank Nifty towards 57250, 57350, and 57450+ levels. If the index manages to break and sustain above 57550, fresh momentum buying may emerge, leading to an extended rally towards 57750, 57850, and 57950+ levels.
On the downside, 57450โ57400 acts as the first resistance-based shorting zone. Rejection from this area may trigger a decline towards 57250, 57150, and 57050 levels. Additionally, 56950 remains the crucial support level. A breakdown below 56950 can accelerate selling pressure and drag the index towards 56750, 56650, and 56550 levels.
Nifty - FIIs open interest analysis - June 15, 2026Buy orders continued to stay above 50%, index long% increased to 13%, put writing slipped to 39%, as per these data's FIIs have not added any significant fresh positions in the last session. Technically, if Nifty fails to break and hold above 24000 then it can consolidate in the range of 24000-23500.
NIFTY Levels for Today
Here are the NIFTY's Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes and boosts gives us motivation for continued learning and support.
BANKNIFTY Levels for Today
Here are the BANKNIFTYโs Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
Your likes and boosts gives us motivation for continued learning and support.
Time to enter Nifty?After the much anticipated US-Iran peace deal market seems to be gearing for upmove as we witnessed on 15th June it opened gap-up touched 24011 and closed with some profit booking at 23853
Bulls are likely to wait for further correction.
Best entry points are near 23750,650 and 550 levels
target is 24400 to 24900 levels
The end of RUN! Resistance ahead !As we can see NIFTY is moving in GAPS, but we can expect NIFTY to remain sideways to volatile unless it breaks above previous daily mother candle's high and important psychological level of 24000. Additionally, we can see there are more resistances around 24250-24300 levels which would not let NIFTY remain bullish for a long time. Hence, we can expect NIFTY to remain sideways to negative between these levels until and unless it breaks above and sustains above given levels. So, plan your trades accordingly and keep watching everyone.
BANKNIFTY DAILYY/ Short range Level Analysis: 16th Jun 2026๐ SGMN SplD BULLISH Above => 57418.
๐ SGMN SplD Bearish BELOW => 56996.
Mentioned analysis based on 2 consecutive candle close in 15 min Time Frame.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considered as Sidewise. Aggressive Traders can take Long position near โSell Genโ either retesting or crossed from Below & vice-versa i.e. can take Short position near โBuy Genโ either retesting or crossed downward from Above.
L#4: If the candle crossed & stays below the โSell Genโ, it is treated / considered a Bearish bias.
L#5: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
HZB (Buy side) & HZS (Sell side) => Hurdle Zone,
โ๐ป *** Specialty of โHZB#1, HZB#2 HZS#1 & HZS#2โ is Sidewise (behaviour in Nature)
Rest Plotted and Mentioned on Chart
Color code Used:
Green, BLUE =. Positive bias.
Safron, RED =. Negative bias.
RED in Between Green means Trend Finder / Momentum Change
/ CYCLE Change and Vice Versa.
Notice One thing: HOW LEVELS are Working.
Use any Momentum Indicator / Oscillator or as you "USED to" to Take entry.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
โ ๏ธ DISCLAIMER:
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. I am not a SEBI-registered financial adviser.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
"๐As HARD EARNED MONEY IS YOUR's, So DECISION SHOULD HAVE TO BE YOUR's".
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
โ๏ธ Follow notification about periodical View
๐ฅ Do Comment for Stock WEEKLY Level Analysis.๐
๐ Do you agree with this view?
โ๏ธ HIT THE PLANE ICON if this technical observation resonates with you. It will Motivate me.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ก If You LOOKING any CHART & want for Level and ANALYZE?
Share your desired stock names in the comments below! I will try to analyze the chart Levels, patterns and share my technical view (so far my Knowledge).
If Viewers think It can identify meaningful setups. Looking forward to hearing from all of you โ let's keep this discussion going and help each other make better trading decisions.
___________๐^^^โซโช^๐๐ผ๐๐ผ๐๐ผ^โชโซ^^^๐___________
NIFTY DAILY / Short Range Level Analysis for 16th Jun 2026๐ SGMN SplD BULLISH Above => 23927.
๐ SGMN SplD Bearish BELOW => 23786.
Mentioned analysis based on 2 consecutive candle close in 15 min Time Frame.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ฅLevel Interpretation / description:
โ๐ปL#1: If the candle crossed & stays above the โBuy Genโ, it is treated / considered as Bullish bias. Cfm=> Confirmation.
L#2: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
L#3: If the candle stays above โSell Genโ but below โBuy Genโ, it is treated / considered as Sidewise. Aggressive Traders can take Long position near โSell Genโ either retesting or crossed from Below & vice-versa i.e. can take Short position near โBuy Genโ either retesting or crossed downward from Above.
L#4: If the candle crossed & stays below the โSell Genโ, it is treated / considered a Bearish bias.
L#5: Possibility / Probability of REVERSAL near ๐RL/TF1 & ๐RL/TF2
HZB (Buy side) & HZS (Sell side) => Hurdle Zone,
โ๐ป *** Specialty of โHZB#1, HZB#2 HZS#1 & HZS#2โ is Sidewise (behaviour in Nature)
Rest Plotted and Mentioned on Chart
Color code Used:
Green, BLUE =. Positive bias.
Safron, RED =. Negative bias.
RED in Between Green means Trend Finder / Momentum Change
/ CYCLE Change and Vice Versa.
Notice One thing: HOW LEVELS are Working.
Use any Momentum Indicator / Oscillator or as you "USED to" to Take entry.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
โ ๏ธ DISCLAIMER:
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. I am not a SEBI-registered financial adviser.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
"๐As HARD EARNED MONEY IS YOUR's, So DECISION SHOULD HAVE TO BE YOUR's".
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
โ๏ธ Follow notification about periodical View
๐ฅ Do Comment for Stock WEEKLY Level Analysis.๐
๐ Do you agree with this view?
โ๏ธ HIT THE PLANE ICON if this technical observation resonates with you. It will Motivate me.
โโโโโ๐ฅ๐ง๐จ๐ฉ๐ฆ๐ชโฌโโโโโ
๐ก If You LOOKING any CHART & want for Level and ANALYZE?
Share your desired stock names in the comments below! I will try to analyze the chart Levels, patterns and share my technical view (so far my Knowledge).
If Viewers think It can identify meaningful setups. Looking forward to hearing from all of you โ let's keep this discussion going and help each other make better trading decisions.
___________๐^^^โซโช^๐๐ผ๐๐ผ๐๐ผ^โชโซ^^^๐___________
NIFTY ANALYSIS | TUESDAY, 16 JUNE 2026 |4H โ1Hโ15-MINโ5-MIN TF# ๐ ๐ NIFTY ANALYSIS | TUESDAY, 16 JUNE 2026 | 4H โ 1H โ 15-MIN โ 5-MIN TF ๐ฅ
## ๐จ FINAL VERDICT
### Market Bias
๐ข **Bullish**
### Institutional Summary
โข Market Regime: Bullish Expansion
โข Market Control: Buyers
โข NIFTY Close: **23,853.90**
โข Previous Close: **23,622.90**
โข Gain: **+231 Points (+0.98%)**
โข Option Chain Bias: Bullish
โข Trader Action: Buy retracements, avoid emotional breakout chasing.
### Probability Matrix
๐ข Bullish: **68%**
๐ก Range Bound: **22%**
๐ด Bearish: **10%**
โโโโโโโโโโโโโโโโโโ
# ๐ข HIGH-PROBABILITY CE TRADE (PRIMARY)
### Setup Quality
โญโญโญโญโญ
### Probability
๐ข 68%
### Entry Zone
**23,760 - 23,700**
### Fibonacci Confluence
Using 15-Jun Range:
High = 24,011.40
Low = 23,817.80
Range = 193.60
38.2% Fib = **23,937**
50% Fib = **23,915**
61.8% Fib = **23,892**
### Preferred Buy Zone
๐ข **23,915 - 23,892**
(Fib 50% + Fib 61.8%)
### Stop Loss
23,815
(Below Day Low)
### Targets
๐ฏ T1: **24,000**
๐ฏ T2: **24,080**
๐ฏ T3: **24,160**
๐ฏ T4: **24,250**
### OI Confluence
โ
Largest Call OI above spot at 24,000
โ
Massive Put Writing at 23,800
โ
Strong Put Base at 23,500
### Institutional Logic
Institutions added **90,239 fresh contracts at 23,800 PE**, indicating aggressive support creation directly beneath spot.
โโโโโโโโโโโโโโโโโโ
# ๐ด HIGH-PROBABILITY PE TRADE
### Setup Quality
โญโญโญ
### Probability
๐ด 10%
### Entry Trigger
Below **23,800**
### Fibonacci Confluence
Loss of:
* 61.8% Retracement
* Put Writer Defense Zone
### Stop Loss
23,920
### Targets
๐ฏ T1: 23,700
๐ฏ T2: 23,620
๐ฏ T3: 23,500
### Institutional Logic
Only valid if aggressive put writers start unwinding.
Currently low probability.
โโโโโโโโโโโโโโโโโโ
# ๐ SWING FIBONACCI (INSTITUTIONAL BIAS)
Using chart swing:
High โ 24,060
Low โ 23,072
### Key Levels
| Fib | Level |
| ----- | ------ |
| 23.6% | 23,305 |
| 38.2% | 23,449 |
| 50.0% | 23,566 |
| 61.8% | 23,683 |
| 78.6% | 23,849 |
### Institutional Interpretation
Current Close:
**23,853.90**
NIFTY closed **above the 78.6% swing retracement**.
This is significant.
A sustained hold above 23,849 opens the path toward retesting the prior swing high near 24,060.
โโโโโโโโโโโโโโโโโโ
# ๐ DAILY FIBONACCI (EXECUTION LEVELS)
Using 15-Jun Session
High = 24,011.40
Low = 23,817.80
### Retracement Levels
| Fib | Level |
| ----- | ------ |
| 23.6% | 23,966 |
| 38.2% | 23,937 |
| 50.0% | 23,915 |
| 61.8% | 23,892 |
| 78.6% | 23,859 |
### Golden Pocket
๐ข **23,892 - 23,859**
### Extension Levels
| Extension | Level |
| --------- | ------ |
| 127.2% | 24,064 |
| 161.8% | 24,131 |
| 200% | 24,205 |
| 261.8% | 24,325 |
โโโโโโโโโโโโโโโโโโ
# ๐จ INSTITUTIONAL DECISION MATRIX
## Market Regime
๐ข Bullish Expansion
### Why?
โ
231-point gain
โ
Close above major swing Fib
โ
Strong global markets
โ
Strong Put Writing
โ
EMA alignment bullish
โโโโโโโโโโโโโโโโโโ
## Who Controls The Market?
๐ข Buyers
### Evidence
โข Price above EMA50 and EMA100
โข Strong close
โข Put writers defending 23,800
โข Higher-high structure visible on chart
โโโโโโโโโโโโโโโโโโ
# ๐ OPTION CHAIN ANALYSIS
### ATM Strike
**23,850**
### PCR
**0.95**
### Highest Call OI
๐ **24,000 CE**
OI = **284,199**
Fresh Addition = **122,636**
### Highest Put OI
๐ **23,500 PE**
OI = **159,456**
Fresh Addition = **28,850**
### Largest Fresh Call Writing
๐ **24,000 CE**
+122,636
### Largest Fresh Put Writing
๐ **23,800 PE**
+90,239
### OI Shift Analysis
* Put writers aggressively entered at 23,800.
* Strong support immediately below spot.
* 24,000 remains the major call wall.
* Market trapped between 23,800 support and 24,000 resistance.
โโโโโโโโโโโโโโโโโโ
# ๐ 4H TIMEFRAME ANALYSIS
### Trend
๐ข Bullish
### Swing Structure
Higher Highs
Higher Lows
### EMA Structure
Bullish Stack
### Momentum
Strong
### Institutional Interpretation
Primary trend remains upward.
โโโโโโโโโโโโโโโโโโ
# ๐ 1H TIMEFRAME ANALYSIS
### Structure
Bullish Continuation
### Momentum
Positive
### Volume
Expansion During Rally
### Interpretation
Buyers remain dominant.
โโโโโโโโโโโโโโโโโโ
# โฑ๏ธ 15-MINUTE TRADE FRAMEWORK
## ๐ด Resistance
24,000
24,064
24,131
24,205
## ๐ข Support
23,892
23,859
23,800
23,700
### Trigger Zones
๐ข Bullish Trigger
24,000 Break
๐ด Bearish Trigger
23,800 Break
โโโโโโโโโโโโโโโโโโ
# โก 5-MINUTE EXECUTION PLAN
## For CE Buyers
โ Buy Fib Retracement
โ Buy Golden Pocket
โ VWAP Hold
โ Volume Expansion
---
## For PE Buyers
โ Only Below 23,800
โ Breakdown Confirmation Required
---
## For Option Sellers
Prefer Put Selling Above 23,800
โโโโโโโโโโโโโโโโโโ
# ๐ง MARKET PSYCHOLOGY
### Retail Behaviour
Likely chasing upside after strong green day.
### Institutional Behaviour
Accumulating on retracements while defending 23,800.
### Current Edge
๐ข Buyers
โโโโโโโโโโโโโโโโโโ
# ๐ TRADING DAY SCENARIOS
## Scenario 1 (Highest Probability)
### Probability
68%
### Trigger
Above 23,849
### Targets
24,000 โ 24,064 โ 24,131
---
## Scenario 2
### Probability
22%
### Trigger
23,800 - 24,000
### Outcome
Range Consolidation
---
## Scenario 3
### Probability
10%
### Trigger
Below 23,800
### Targets
23,700 โ 23,620 โ 23,500
โโโโโโโโโโโโโโโโโโ
# ๐ซ INVALIDATION LEVEL
### Entire Bullish Thesis Invalid Below
๐ด **23,800**
(Strongest Fresh Put Writing Zone)
โโโโโโโโโโโโโโโโโโ
# ๐ฅ TRADER NOTE
The most important development in the option chain is **90,239 fresh contracts added at 23,800 PE**.
That is where institutions publicly placed their line in the sand.
As long as NIFTY holds above **23,800**, the path of least resistance remains toward **24,000 and above**.
The highest-probability trade for 16 June is not buying random green candles. It is buying retracements into the **23,915-23,892 Fibonacci support cluster** while 23,800 remains defended.
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NIFTY BANK Analysis [For 16.06.2026: Tuesday]Probable Scenario Analysis.
(1) Bullish Scenario:
If price starts to trade above 57500 and forms a higher-highs and lower-lows structure, then there will be a weak bullish move to 57750. Level 57750 is weak resistance. Next, if price breaks out above the level 57750, then there will be a strong bullish move. The probable strong bullish moves above the level 57750 are - 58000, 58250, and 58500. There will be strong resistance at the level 58500.
(2) Bearish Scenario:
There is no observable bearish scenario. Level 56500 is strong support. In case the price breaks down below the level of 56500. Then a weak bearish setup will activate. The probable weak bearish setups below the level 56500 are - 56250 and 56000. The level 56000 would offer good support. Lastly, if the price breaks down below the level of 56000, then there will be sharp selling. The probable bearish moves below the level 56000 are - 55750, 55500, and 55250.
(3) No Trading Zone (NTZ): (57500 - 56500).
Here, the zone (57500 - 57250) is a strong resistance zone. The zone (56750 - 56500) is a strong support zone. The price trading inside these two zones would be confusing for both the bulls and the bears. For trend trading, we have to wait for a breakout or breakdown. On the contrary, if the price stays within the NTZ, then we have to either execute non-directional strategies or not trade.
(4) Availability of an Unfilled GAP: (57000 - 56750).
There is a high probability that the price will fill this gap, as it is trapped in a zone. Also, Tuesday is Nifty 50 expiry. We can expect GAP filling in the first half of the session.
(5) Event:
There are no high-impact events or holidays in the week. There is NIFTY 50 weekly expiry. So, we can expect a price anomaly. We can also expect more sideways, range-bound, and indecisive moves as the market has already offered too much trend. The non-directional traders also need an opportunity to make money. Thus, we have to wait for clarity.
(6) Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
END NOTE:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
NIFTY- Intraday Levels :- 16th June 2026
No expiry special or dhamaka this time. Levels are complicated for expiry trade
Just remember the range, however the is huge.
24094/128/162/196/230 above this more bullish,
23494/87/80/73/66 below this more bearish
Remaining levels are marked on chart kindly check on chart.
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -ย
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
NIFTY started the week with a strong gap-upNIFTY started the week with a strong gap-up move but failed to hold higher levels throughout the session.
On the daily chart, the index remains below the 20 EMA and 50 EMA, keeping the broader structure cautious despite the recent bounce from 23,000. Today's recovery pushed NIFTY back above the 100 EMA near 23,760, which now becomes an important support zone to watch.
However, the bigger hurdle remains near 24,000โ24,100 where multiple moving averages and previous supply zones are clustered. Unless the index sustains above this area, rallies may continue to face resistance.
On the intraday chart, NIFTY opened with strong momentum and rallied sharply toward 24,000. But profit booking emerged near resistance, leading to a gradual decline during the second half. This suggests buyers were active at lower levels, but conviction faded near overhead supply.
๐ Trading Lesson:
A gap-up opening does not automatically mean a bullish day.
What matters is whether price can hold above key resistance after the gap.
Today, NIFTY showed strength in the morning but faced supply near a known resistance zone. This is why traders should focus on where price gets rejected, not just where it opens.
The trend improves when resistance turns into support.
Nifty Intraday Analysis for 15th June 2026NSE:NIFTY
Progress in diplomatic talks between the US and Iran has boosted global market sentiment, paving the path for an upward trend which is expected to continue. However, if these negotiations fail to materialise into a formal agreement, markets could experience a sharp reversal.
The upward movement may lead to 23850 โ 23900 resistance range and if the index crosses and sustains above this level then may reach near 24125 โ 24175 range.
On the contrary, a downward moment may drag the Index to 23400 โ 23350 support range in downward momentum and if this support is broken then index may tank near 23125 โ 23075 range.
Banknifty Intraday Analysis for 15th June 2026NSE:BANKNIFTY
Progress in diplomatic talks between the US and Iran has boosted global market sentiment, paving the path for an upward trend which is expected to continue. However, if these negotiations fail to materialise into a formal agreement, markets could experience a sharp reversal.
The upward moment may lead the Index to 57400 โ 57500 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 58100 โ 58200 range.
On the contrary, a downward moment may drag the Index to 56200 โ 56100 support range in downward momentum and if this support is broken then the index may tank near the 55500 โ 55400 range.






















