Tuesday 23 March 2021

Nifty Outlook for 24th Mar

 In the previous session : 


Nifty went down by 29 points then went up by 142 points before closing higher by 78 points on Tuesday 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 23rd Mar :

Nifty triggered our long trade and completed 2 targets doing 85 points . 


For 24th Mar :
 
Sustaining above 14865 enter for 14890 - 14925 - 15010 , SL 14830

Sustaining below 14765 enter for 14740 - 14705 - 14620 , SL 14800

 

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 Nifty made a low of 14597.85 testing our immediate support and bounced back towards 14878.60 testing our initial resistance zone the next day .



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 14915 and heads towards 15015 - 15050  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"



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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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