In the previous session :
Nifty went up by 68 points then went down by 70 points before closing lower by 11 points on Friday 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 18th Sep :
Nifty initially triggered our long trade by opening near our 2nd target . Post that Nifty reversed to trigger our short trade and completed 2 targets giving 40 points .
For21st Sep :
Sustaining above 11535 enter for 11555 - 11575 - 11630 , SL 11515
Sustaining below 11475 enter for 11455 - 11435 - 11380 , SL 11495
For this week Nifty has immediate support at 11455 - 11425 zone and sustaining below it we can see a further correction towards its next support zone at 11345 - 11325 .
For this week Nifty has immediate resistance at 11555 - 11585 zone and sustaining above it we can see a further recovery towards the next resistance zone of 11665 - 11685 .
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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