In the previous session :
Nifty went up by 186 points before closing higher by 171 points on Thursday 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 10th Sep :
Nifty triggered our long trade and did 140 points
For 11th Sep :
Sustaining above 11500 enter for 11530 - 11565 - 11650 , SL 11465
Sustaining below 11400 enter for 11370 - 11335 - 11250 , SL 11435
As mentioned earlier " For this week Nifty has immediate support at 11215 and sustaining below it we can see a further correction towards 11050 levels ." , we saw Nifty make a low of 11185.15 and rebound to close near 11450 in todays session.
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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