In the previous session :
Nifty went up by 211 points before closing higher by 144 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 07th Oct :-
Nifty triggered our long trade with a big gap up near out last target and went up further by 40 points and did not give a chance to trade.
For 08th Oct :-
Sustaining above 17835 enter for 17865 - 17895 - 17980 , SL 17805
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 17884.60 breaking above our next target zone of 17780 - 17815 but fell short of our next targets of 17925 - 18050 and reversed sharply to make a low of 17613.15 . Post that Nifty has again bounced back strongly to close just below 17800 today. Now in the coming session Nifty on sustaining above 17815 may move towards 17925 - 17985 where it has immediate resistance . On the downside Nifty now has good support at 17610 - 17655 .
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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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