Wednesday 13 January 2021

Nifty Outlook for 14th Jan

 In the previous session : 


Nifty went up by 90 points then went down by 128 points before closing higher by 1 points on Wednesday as compared to the previous day's close. 







Nifty  made a new life time high of 14653.35 in this upmove from the levels of  7511.10  . 


On 13th Jan :

Nifty initially triggered our long trade with a gap up above our 2nd target and did not give a chance to trade . Post that it reversed to trigger our short trade and completed all targets doing 100 points. 

For 14th Jan :
 
Sustaining above 14595 enter for 14615 - 14635 - 14690 , SL 14575

Sustaining below 14535 enter for 14515 - 14495 - 14435 , SL 14555


 

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 14653.35 moving towards our expected level of 14585 - 14660 on sustaining above 14520 . 

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"



Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      



To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.



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.

No comments:

Post a Comment