Nifty Outlook for 08th Dec

 In the previous session : 

Nifty went down by 17 points then went up by 108 points before closing higher by 97 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 13366.65 in this upmove from the levels of  7511.10  . 

On 07th Dec :

Nifty triggered our long trade and completed 2 targets doing 60 points 

For 08th Dec :

 

Sustaining above 13400 enter for 13425 - 13450 - 13530 , SL 13368

Sustaining below 13315 enter for 13290 - 13260 - 13185 , SL 13345

 

Now for this week :

Nifty has immediate resistance at 13325 - 13365 zone and closing above it we may see a further move towards 13475 - 13505 zone 

Nifty has immediate support at 13190 - 13150 zone and closing below it we may see a further move towards 13040 - 13010 zone . 

So far this week Nifty has made a high of 13366.65 testing the initial resistance zone . Now it needs to sustain above 13365 for a move towards 13475 - 13505 next.

Overall too as long as Nifty sustains above 13215 we can see a move towards 13475 - 13540. Now Nifty has strong support at 13045 - 13010 on the downside and as long as it holds above 13000 on closing basis we can see dips being bought into.

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.