In the previous session :
Nifty went down by 208 points then went up by 230 points before closing higher by 136 points on Friday 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 19th Mar :
Nifty opened with a gap down below our 1st short target and completed all targets givng 100+ points . Post that Nifty reversed to trigger our long trade and again completed all targets and more doing 150+ points.
For 21st Mar :
Sustaining above 14795 enter for 14825 - 14860 - 14950 , SL 14760
Sustaining below 14695 enter for 14665 - 14630 - 14535 , SL 14730
Now for this week :
Nifty has immediate resistance at 14825 - 14915 zone and sustaining or closing above it we may see a further move towards 15015 - 15050 zone
Nifty has immediate support at 14665 - 14575 zone and sustaining or closing below it we may see a further move towards 14475 - 14440 zone .
So far this month 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 14350.10 .
Now for those who are expecting a correction again after this bounce should keep a cbsl of 15150 once Nifty breaks above its initial resistance and reaches the next resistance zone for the 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"
Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment