Friday 30 April 2021

Nifty Outlook for 30th Apr

  In the previous session : 


Nifty went up by 180 points then went down by 50 points before closing higher by 30 points on Thursday 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 29th Apr :

Nifty triggered our long trade with a gap up above our 1st target and nearly completed  all targets doing further 50 points 


For 30th Apr :
 
Sustaining above 14950 enter for 14985 - 15020 - 15125 , SL 14910

Sustaining below 14840 enter for 14805 - 14770 - 14665 , SL 14880

 

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 15044.35 nearly completing all our weekly expected levels. 


Now as long as Nifty breaks and sustains above 14950 we can this upmove extend till 15070 - 15125 . Those who are holding existing long positions should look to book once near 15100 levels. On the downside  breaking and sustaining below 14800 we can see further dips towards 14650 .- 14550. 



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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