Nifty Outlook for 11th Jan

 In the previous session : 

Nifty went up by 230 points before closing higher by 210 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 14367.30 in this upmove from the levels of  7511.10  . 

On 08th Jan :

Nifty opened above our last target for the day and did another 100+ points as per weekly levels

For 11th Jan :

 

Sustaining above 14375 enter for 14395 - 14415 - 14465 , SL 14355

Sustaining below 14320 enter for 14305 - 14280 - 14230 , SL 14340

 

Now for this week :

Nifty has immediate resistance at 14395 - 14425 zone and closing above it we may see a further move towards 14500 - 14520 zone 

Nifty has immediate support at 14300 - 14270 zone and closing below it we may see a further move towards 14195 - 14175 zone . 

From the current levels and on further move towards 14385 - 14435 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.