In the previous session :
Nifty went down by 93 points then went up by 53 points before closing higher by 30 points on Thursday 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 14th Jan :
Nifty initially triggered our short trade and completed 2 targets doing 60 pointse . Post that it reversed to trigger our long trade and completed just 1 target.
For 15th Jan :
Sustaining above 14625 enter for 14645 - 14665 - 14725 , SL 14605
Sustaining below 14565 enter for 14545 - 14525 - 14465 , SL 14585
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"
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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.
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