Nifty Outlook for 26th Oct

 In the previous session : 

Nifty went up by 78 points before closing higher by 34 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 23rd Oct :

Nifty triggered our short trade and completed just 1 target doing 35 points. 

For 26th Oct :

 

Sustaining above 11975 enter for 12000 - 12030 - 12110 , SL 11945

Sustaining below 11885 enter for 11860 - 11830 - 11750 , SL 11915

 

Now for this week :

Nifty has immediate resistance at 12000 - 12045 zone and closing above it we may see a further move towards 12165 - 12195 zone 

Nifty has immediate support at 11860 - 11815 zone and closing below it we may see a further move towards 11700 - 11665 zone . 

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.