In the previous session :
Nifty went up by 189 points before closing higher by 177 points on Monday as compared to the previous day's close.
Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now .
On 28th Sep :
Nifty triggered our long trade and did 125 points
For29th Sep :
Sustaining above 11295 enter for 11340 - 11385 - 11515 , SL 11250
Sustaining below 11160 enter for 11115 - 11070 - 10940 , SL 11205
As mentioned in the previous post "Now for this week now Nifty has immediate resistance at 11155 - 11215 zone and closing above it we may see a further move towards 11395 - 11435 zone . " , today Nifty closed above 11215 and we can see a move towards 11395 - 11435 zone where it has its next resistance.
On the downside Nifty has immediate support at 10950 - 10880 zone and below it we may see a further move towards 10705 - 10665 .
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"
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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.
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