Nifty Outlook for 09th Apr

 In the previous session : 

Nifty went up by 165 points before closing higher by 55 points on Thursday 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 08th Apr :

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

For 09th Apr :

 

Sustaining above 14950 enter for 14990 - 15050 - 15180 , SL 14895

Sustaining below 14800 enter for 14755 - 14705 - 14565 , SL 14855

 

Now for this week :

Nifty has immediate resistance at 14995 - 15070 zone and sustaining or closing above it we may see a further move towards 15285 - 15340 zone 

Nifty has immediate support at 14740 - 14660 zone and sustaining or closing below it we may see a further move towards 14450 - 14390 zone . 

So far this week Nifty has broken supports and triggered shorts and has made a low of 14459.50 near our next support zone of 14450 - 14390 and bounced back 400 points now . 

As mentioned in the previous post "Now for a further upmove Nifty has to break and sustain above 14900 in the coming session for a move towards 14985 - 15070 . Nifty has stiff resistance near 15110 - 15240 on upmoves." , and today we saw Nifty make a high of 14984.15. 

Now in the coming session Nifty to break above 14985 - 15070 for a further upmove and failing to do caution advised on holding longs.

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.