Nifty Outlook for 15th Feb

  In the previous session : 

Nifty went up by 70 points then went down by 92 points before closing lower by 10 points on Friday as compared to the previous day's close. 

Nifty  made a new life time high of 15257.10 in this upmove from the levels of  7511.10  . 

On 12th Feb :

Nifty triggered our short trade and took our stoploss.

For 15th Feb :

 

Sustaining above 15210 enter for 15240 - 15270 - 15360 , SL 15180

Sustaining below 15115 enter for 15090 - 15055 - 14970 , SL 15150

 

Now for this week :

Nifty has immediate resistance at 15240 - 15285 zone and sustaining or closing above it we may see a further move towards 15415 - 15450 zone 

Nifty has immediate support at 15090 - 15040 zone and sustaining or closing below it we may see a further move towards 14910 - 14880 zone . 

Now in the coming week Nifty needs to sustain and close beyond the range of 15040 - 15285 for a bigger move .

Caution advised on entering fresh long positions on further upmoves from here .Those who are looking to enter shorts should also keep a cbsl of 15285 for this week as closing above it we can see one more round of upmove towards 15450 - 15550 where we may see stronger selling incase we reach till there directly without a correction. 

 

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.