Nifty Outlook for 12th Apr

In the previous session : 

Nifty went up by 45 points then went down by 88 points before closing lower by 39 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 09th Apr :

Nifty triggered our short trade but did not complete any target and took our stoploss

For 12th Apr :

 

Sustaining above 14900 enter for 14940 - 14985 - 15110 , SL 14855

Sustaining below 14770 enter for 14730 - 14685 - 14560 , SL 14815

 

Now for this week :

Nifty has immediate resistance at 14940 - 15010 zone and sustaining or closing above it we may see a further move towards 15185 - 15230 zone 

Nifty has immediate support at 14730 - 14665 zone and sustaining or closing below it we may see a further move towards 14485 - 14440 zone . 

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.