In the previous session :
Nifty went up by 297 points before closing higher by 276 points on Thursday.
Nifty made a new life time high of 17843.90 in this upmove from the lows of 7511.10 made on 24th March 2020
On 23rd Sep :-
Nifty triggered our long trade with a gap up above our 2nd target and moved up further by 190 points .
For 24th Sep :-
Sustaining above 17875 enter for 17905 - 17940 - 18035 , SL 17835
Now for this week :
Nifty has to break and sustain above 17620 - 17645 where it has its initial resistance for a further move towards 17710 - 17725 where it has its next resistance for the week
Nifty has to break and sustain below 17550 - 17525 where it has its initial support for a further move towards 17465 - 17445 where it has its next support for the week
So far this week Nifty made a low of 17326.10 nearly completing the move expected till 17350 - 17270 as mentioned yesterday. Post that today Nifty opened above 17655 which was the stoploss for short and sustaining above it moved up further by nearly 200 pts . Now in the coming sessions holding above 17655 Nifty can move towards 18080 slowly as our target zone on closing above 17655 was 17850 - 18080.
In the month of August Nifty made a high of 17129.25 after confirming our monthly long trade with a consecutive close above 15975 and did nearly 1150 points.
As as mentioned at the start of the month "Now for the month of September Nifty has to give a consecutive close above 17355 for a further move on the upside . On the downside Nifty has to give a consecutive close below 16900 for a further correction. " , and now Nifty has made a new high of 17843.90 .
As mentioned earlier "Now Nifty needs to give a close above 17655 for a further move towards 17850 - 18080 zone failing which we may see a dip towards 17350 - 17270. We are now above the caution zone advised for taking fresh long positions. ", and Nifty sustaining above 17655 made a high so far of 17843.90 nearly testing our target zone of 17850 - 18080 .
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