Sunday, 20 December 2020

Nifty Outlook for 21st Dec

 In the previous session : 

Nifty went down by 82 points then went up by 32 points before closing higher by 20 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 13773.25 in this upmove from the levels of  7511.10  . 

On 18th Dec :

Nifty triggered our short trade and nearly completed all targets doing 60 points. 

For 21st Dec :
Sustaining above 13780 enter for 13795 - 13810 - 13845 , SL 13765

Sustaining below 13740 enter for 13725 - 13710 - 13675 , SL 13755


Now for this week :

Nifty has immediate resistance at 13795 - 13815 zone and closing above it we may see a further move towards 13870 - 13885 zone 

Nifty has immediate support at 13725 - 13705 zone and closing below it we may see a further move towards 13650 - 13635 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.

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