Nifty Outlook for 12th Jan

 In the previous session : 

Nifty went up by 150 points before closing higher by 138 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 14498.20 in this upmove from the levels of  7511.10  . 

On 11th Jan :

Nifty opened above our last target for the day and did not give a chance to trade

For 12th Jan :

 

Sustaining above 14515 enter for 14535 - 14555 - 14610 , SL 14495

Sustaining below 14455 enter for 14435 - 14415 - 14360 , SL 14475

 

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 . 

So far this week Nifty has made a high of 14498.20 nearly testing our next weekly target zone of 14500 - 14520. Now sustaining above 14520 we can see a move towads 14585 - 14660 too

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.