Nifty Outlook for 29th Jan

 In the previous session : 

Nifty went down by 254 points before closing lower by 150 points on Thursday 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 28th Jan :

Nifty triggered our short trade and completed all targets and more doing 185 points .

For 29th Jan :

 

Sustaining above 13875 enter for 13910 - 13955 - 14060 , SL 13835

Sustaining below 13760 enter for 13725 - 13680 - 13575 , SL 13800

 

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 . 

So far this week Nifty made a high of 14491.10 within our immediate resistance zone and reversed sharply to make a low of 13713.25 completing the expected targets on sustaining below 14040 . Now in the coming session as long as Nifty holds above 13710 on dips we can see a bounce towards 13950 - 14050 levels. 

 

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.