Nifty Outlook for 25th Jan

  In the previous session : 

Nifty went up by 29 points then went down by 232 points before closing lower by 218 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 14753.55 in this upmove from the levels of  7511.10  . 

On 22nd Jan :

Nifty triggered our short trade and completed all targets doing 170+ points .

For 25th Jan :

 

Sustaining above 14425 enter for 14460 - 14500 - 14600 , SL 14390

Sustaining below 14320 enter for 14285 - 14245 - 14145 , SL 14355

 

Now for this week :

Nifty has immediate resistance at 14460 - 14515 zone and sustaining or closing above it we may see a further move towards 14665 - 14700 zone 

Nifty has immediate support at 14285 - 14230 zone and sustaining or closing below it we may see a further move towards 14080 - 14040 zone . 

Caution is advised on entering fresh long positions in the index on upmoves as we can expect a good amount of volatility and sudden dips too.

 

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.