Nifty Outlook for 01st Jan

 In the previous session : 

Nifty went down by 45 points then went up by 43 points  before closing lower by 0.20 points on Thursday as compared to the previous day's close. 

Nifty  made a new life time high of 14024.85 in this upmove from the levels of  7511.10  . 

On 31st Dec :

Nifty traded between our long and short trigger zone for the 2nd consecutive day indicating  indecisiveness.

For 01st Jan :

 

Sustaining above 14050 enter for 14090 - 14140 - 14260 , SL 14000

Sustaining below 13915 enter for 13875 - 13825 - 13695 , SL 13960

 

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 14024.85 and closed above 13925 indicating a further move towards 14105 - 14155 levels but caution is advised on further longs as profit booking can be seen.

 

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.