In the previous session :
Nifty went up by 161 points before closing higher by 86 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 05th Oct :
Nifty triggered our long trade and did 85 points
For 06th Oct :
Sustaining above 11570 enter for 11610 - 11660 - 11780 , SL 11525
Sustaining below 11440 enter for 11400 - 11350 - 11230 , SL 11485
As mentioned " Now for this week Nifty has immediate resistance at 11535 - 11610 zone and closing above it we may see a further move towards 11810 - 11860 zone " , today Nifty made a high of 11578.05 within our resistance zone and reversed to close at 11503.35 .
On the downside Nifty has immediate support at 11300 - 11225 zone and below it we may see a further move towards 11025 - 10975 .
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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