Tuesday 27 April 2021

Nifty Outlook for 28th Apr

 In the previous session : 


Nifty went up by 182 points before closing higher by 168 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 27th Apr :

Nifty triggered our long trade and completed  our 2nd target doing 95 points 


For 28th Apr :
 
Sustaining above 14705 enter for 14740 - 14775 - 14875 , SL 14670

Sustaining below 14600 enter for 14570 - 14530 - 14430 , SL 14635

 

Now for this week :

Nifty has immediate resistance at 14470 - 14550 zone and sustaining or closing above it we may see a further move towards 14760 - 14820 zone 

Nifty has immediate support at 14215 - 14135 zone and sustaining or closing below it we may see a further move towards 13920 - 13860 zone . 

For this week Nifty has made a high of 14667.55 breaking our initial resistance zone and also closed well above it today. 


Now as long as Nifty holds above 14530 on dips or sustains above 14600 we can see a further upmove towards 14760 - 14820 zone where we have our next resistance. 



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 800 points till 14151.40 .








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. 

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