Nifty Outlook for 01st Apr

 In the previous session : 

Nifty went down by 175 points before closing lower by 155 points on Wednesday as compared to the previous day's close. 

Nifty  made a new life time high of 15431.75 in this upmove from the levels of  7511.10  . 

On 31st Mar :

Nifty triggered our short trade and nearly completed 2 targets doing 90 points . 

For 01st Apr :

 

Sustaining above 14770 enter for 14815 - 14870 - 15015 , SL 14715

Sustaining below 14610 enter for 14565 - 14510 - 14365 , SL 14665

 

Now for this week :

Nifty has immediate resistance at 14610 - 14670 zone and sustaining or closing above it we may see a further move towards 14845 - 14890 zone 

Nifty has immediate support at 14405 - 14345 zone and sustaining or closing below it we may see a further move towards 14170 - 14125 zone . 

So far this week we saw Nifty make a high of 14876.30 within the next resistance zone and also closed within it . Post that in the next session we saw Nifty correct till 14670.25 which was the immediate support level mentioned in the previous post . 

Now in the coming session Nifty has to hold the support zone of  14610 - 14670 to make another attempt at 14845 - 14890 zone where it can face resistance again.

Now on the downside if Nifty breaks below 14610 - 14670 zone then a further move towards 14345 - 14405 can be seen. 

So far in the month of March we have seen a high of 15336.30 but Nifty failed to close above 15290 and we saw a sharp correction of nearly 1000 points till 14264.40 .

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.