In the previous session :
Nifty went up by 218 points before closing higher by 159 points on Monday.
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 04th Sep :-
Nifty triggered our long trade and completed all targets and more doing 170 points .
For 05th Oct :-
Sustaining above 17740 enter for 17765 - 17800 - 17885 , SL 17705
Now for this week :
Nifty has to break and sustain above 17610 - 17655 where it has its initial resistance for a further move towards 17780 - 17815 where it has its next resistance for the week
Nifty has to break and sustain below 17455 - 17410 where it has its initial support for a further move towards 17285 - 17250 where it has its next support for the week
So far this week Nifty made a high 17750.90 coming close to testing our next target zone of 17780 - 17815 on sustaining above 17655. Now in the coming session Nifty has immediate support at 17655 - 17610 zone and holding the same it may again give a bounce back towards 17780 - 17815 zone . On breaking and sustaining below 17570 we may see a further correction towards 17455 - 17410 zone .
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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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