In the previous session :
Nifty went down by 82 points then went up by 47 points before closing higher by 21 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 07th Sep :
Nifty triggered our short trade and did just 1 target and took our TSL .
For 08th Sep :
Sustaining above 11400 enter for 11430 - 11460 - 11550 , SL 11370
Sustaining below 11310 enter for 11280 - 11250 - 11165 , SL 11340
For this week Nifty has immediate support at 11215 and sustaining below it we can see a further correction towards 11050 levels .
For this week Nifty has immediate resistance at 11460 and sustaining above it we can see a further recovery towards 11610 levels.
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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