Nifty Outlook for 04th Jan

 In the previous session : 

Nifty went up by 68 points  before closing higher by 36 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 14049.85 in this upmove from the levels of  7511.10  . 

On 01st Jan :

Nifty traded between our long and short trigger zone for the 3rd consecutive day indicating  indecisiveness.

For 04th Jan :

 

Sustaining above 14085 enter for 14130 - 14175 - 14300 , SL 14040

Sustaining below 13950 enter for 13910 - 13860 - 13735 , SL 14000

 

Now for this week :

Nifty has immediate resistance at 14130 - 14200 zone and closing above it we may see a further move towards 14385 - 14435 zone 

Nifty has immediate support at 13910 - 13840 zone and closing below it we may see a further move towards 13650 - 13600 zone . 

From the current levels caution is advised on entering fresh long positions.

 

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.