In the previous session :
Nifty went up by 167 points before closing higher by 96 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 08th Oct :
Nifty triggered our long trade and did 100 points
For 09th Oct :
Sustaining above 11865 enter for 11885 - 11910 - 11965 , SL 11845
Sustaining below 11805 enter for 11785 - 11760 - 11705 , SL 11825
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 11905.70 and closed at 11834.60 completing our expected levels.
Now Nifty has next stiff resistance at 11995 - 12095 zone on the upside and initial supports on dips is near 11770 - 11760 levels and breaking and sustaining below it we see a further move towards 11700 - 11690 .
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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