Monday 8 February 2021

Nifty Outlook for 09th Feb

In the previous session : 


Nifty went up by 235 points before closing higher by 190 points on Monday as compared to the previous day's close. 







Nifty  made a new life time high of 15159.90 in this upmove from the levels of  7511.10  . 


On 08th Feb :

Nifty triggered our long trade and did 120 points.


For 09th Feb :
 
Sustaining above 15230 enter for 15300 - 15375 - 15590 , SL 15150

Sustaining below 15000 enter for 14935 - 14855 - 14645 , SL 15080


 

Now for this week :

Nifty has immediate resistance at 15110 - 15225 zone and sustaining or closing above it we may see a further move towards 15540 - 15620 zone 

Nifty has immediate support at 14740 - 14625 zone and sustaining or closing below it we may see a further move towards 14310 - 14230 zone . 


So far this week Nifty made a high 15159.90 within our immediate resistance zone . It needs to sustain above 15225 for a further move towards 15540 - 15620. 

Caution has been advised on entering fresh long positions in the zone of 14950 - 15150 since last week . 



 
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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