Nifty Outlook for 15th Apr

 In the previous session : 

Nifty went down by 36 points then went up by 218 points before closing higher by 194 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 13th Apr :

Nifty triggered our long trade and completed 2 targets doing 120 points

For 15th Apr :

 

Sustaining above 14590 enter for 14640 - 14700 - 14860 , SL 14530

Sustaining below 14420 enter for 14370 - 14310 - 14150 , SL 14480

 

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.

As mentioned in the previous post "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" , Nifty sustained above 14400  we saw a bounce till 14528.90.

Now holding above 14485 we can see the bounce extend towards 14665 - 14730 and above it till 14780 - 14840 . Those who are looking to go short should keep a cbsl of 14840 .

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.