In the previous session :
Nifty went down by 411 points before closing lower by 354 points on Thursday.
Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 28th Oct :-
Nifty triggered our short trade and completed all targets and more doing 350+ points.
For 29th Oct :-
Sustaining above 17910 enter for 17940 - 17985 - 18080 , SL 17875
Now for this week :
Nifty has to break and sustain above 18185 - 18230 where it has its initial resistance for a further move towards 18350 - 18380 where it has its next resistance for the week
Nifty has to break and sustain below 18045 - 18000 where it has its initial support for a further move towards 17880 - 17850 where it has its next support for the week
So far this week Nifty made a high of 18342.05 nearly testing our next weekly long targets and has now made a low of 17799.45 breaking below our next weekly short targets zone and closed within it . Now in the coming session Nifty sustaining below 17800 can dip further towards 17745 - 17630 zone. For a bounce Nifty has to break and sustain above 17930 for move towards 18000 -18080 .
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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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