Tuesday, 29 December 2020

Nifty Spot Outlook for 30th Dec

 In the previous session : 

Nifty went up by 94 points then went down by 13 points  before closing higher by 59 points on Tuesday as compared to the previous day's close. 

Nifty  made a new life time high of 13967.60 in this upmove from the levels of  7511.10  . 

On 29th Dec :

Nifty triggered our long trade but did not complete any targets showing signs of saturation

For 30th Dec :
Sustaining above 14000 enter for 14040 - 14090 - 14220 , SL 13955

Sustaining below 13865 enter for 13825 - 13775 - 13645 , SL 13910


Now for this week :

Nifty has immediate resistance at 13855 - 13925 zone and closing above it we may see a further move towards 14105 - 14155 zone 

Nifty has immediate support at 13645 - 13575 zone and closing below it we may see a further move towards 13395 - 13345 zone . 

Nifty has made a high of 13967.60 and closed above 13925 indicating a further move towards 14000 levels.
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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