Nifty Outlook for 29th Apr

 In the previous session : 

Nifty went up by 237 points before closing higher by 211 points on Wednesday 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 28th Apr :

Nifty triggered our long trade and completed  all targets doing 170 points 

For 29th Apr :

 

Sustaining above 14920 enter for 14955 - 14990 - 15095 , SL 14880

Sustaining below 14810 enter for 14775 - 14735 - 14635 , SL 14850

 

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 14890.25 breaking above our next resistance zone and also closed well above it today. 

Now as long as Nifty holds above 14760 on dips or sustains above 14820 we can see a further upmove towards 14990 - 15100 zone where we have our major resistance of this month . Avoid fresh longs from here unless we see a close above 15100

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.