In the previous session :
Nifty went up by 138 points then went down by 60 points before closing higher by 118 points on Wednesday as compared to the previous day's close.
Nifty made a new life time high of 12769.75 today in this upmove from the levels of 7511.10 .
On 11th Nov :
Nifty triggered our long trade and nearly completed all targets giving 90 points.
For 12th Nov :
Sustaining above 12780 enter for 12800 - 12820 - 12875 , SL 12758
Sustaining below 12720 enter for 12700 - 12680 - 12625 , SL 12740
Now for this week :
Nifty has immediate resistance at 12335 - 12380 zone and closing above it we may see a further move towards 12505 - 12535 zone
Nifty has immediate support at 12190 - 12145 zone and closing below it we may see a further move towards 12025 - 11990 zone .
Nifty today made a high of 12769.75 and closed strongly at 12749.15. We are expecting resistance in the zone of 12780 - 12820 and some cooling off after this big upmove.
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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