Nifty Outlook for 03rd Feb

 In the previous session : 

Nifty went up by 450 points before closing higher by 366 points on Tuesday 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 02nd Feb :

Nifty triggered our long with a gap up above our 1st target and completed all our daily targets still giving 260 points

For 03rd Feb :

 

Sustaining above 14765 enter for 14835 - 14920 - 15135 , SL 14685

Sustaining below 14530 enter for 14460 - 14375 - 14160 , SL 14615

 

Now for this week :

Nifty has immediate resistance at 13730 - 13790 zone and sustaining or closing above it we may see a further move towards 13950 - 13990 zone 

Nifty has immediate support at 13540 - 13480 zone and sustaining or closing below it we may see a further move towards 13320 - 13280 zone . 

So far this week Nifty has made a high of 14731.70 breaking above all our expected weekly long targets on the back of a unprecedented historic budget. 

Now in the coming sessions as long as Nifty is sustaining above 14620 we can see a move towards 14950 - 15150 with a small hurdle at 14815 .

 

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.