In the previous session :
Nifty went down by 30 points then went up by 125 points before closing lower by 93 points on Thursday.
Nifty made a new life time high of 17947.65 in this upmove from the lows of 7511.10 made on 24th March 2020
On 30th Sep :-
Nifty triggered our short trade and completed 2 targets doing 75 points .
For 01st Oct :-
Sustaining above 17670 enter for 17700 - 17740 - 17835 , SL 17635
Now for this week :
Nifty has to break and sustain above 17935 - 17985 where it has its initial resistance for a further move towards 18125 - 18160 where it has its next resistance for the week
Nifty has to break and sustain below 17770 - 17720 where it has its initial support for a further move towards 17585 - 17550 where it has its next support for the week
So far this week Nifty has made a high of 17943.50 testing our initial resistance . Post that Nifty corrected till 17576.10 testing our next support zone . Now in the coming session Nifty has to sustain above 17700 - 17740 to move back towards 17800 - 17830 . On the downside Nifty has immediate support near 17585 - 17550 and breaking below it we may see a move towards 17430 - 17300 .
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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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