In the previous session :
Nifty went up by 124 points before closing higher by 115 points on Wednesday as compared to the previous day's close.
Nifty made a new life time high of 13692.35 in this upmove from the levels of 7511.10 .
On 16th Dec :
Nifty triggered our long trade with a gap up and completed all targets doing 80 points .
For 17th Dec :
Sustaining above 13705 enter for 13720 - 13735 - 13780 , SL 13690
Sustaining below 13660 enter for 13645 - 13630 - 13585 , SL 13675
Now for this week :
Nifty has immediate resistance at 13555 - 13580 zone and closing above it we may see a further move towards 13650 - 13665 zone
Nifty has immediate support at 13475 - 13450 zone and closing below it we may see a further move towards 13380 - 13365 zone .
So far this week Nifty has made a high of 13692.35 breaking above our next resistance zone and closed above . Sustaining above 13665 we can see 13725 - 13790 getting tested. Caution advised on taking fresh longs incase of a further upmove towards 13725 - 13790 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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