In the previous session :
Nifty went down by 586 points before closing lower by 524 points on Monday 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 12th Apr :
Nifty triggered our short trade and exceeded all daily target as it broke the weekly supports too and did 400+ points
For 13th Apr :
Sustaining above 14400 enter for 14455 - 14520 - 14690 , SL 14340
Sustaining below 14220 enter for 14165 - 14100 - 13930 , SL 14285
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 .
So far this week we have seen Nifty break all supports and make a low of 14248.70 and also breaking below the low made in March.
Now sustaining below 14440 we can see a further move till 14100 - 13930 too and sustaining above 14400 we can see a bounce till 14520 - 14665
So far in the month of April we have seen a high of 14984.15 but Nifty failed to close above 15000 and we saw a sharp correction of nearly 700 points till 14248.70 .
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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