Nifty Outlook for 13th Oct

  In the previous session :

Nifty went down by 81 points then went up by 63 points before closing higher by 46 points on Tuesday.

Nifty made a new life time high of 18041.95 in this upmove from the lows of 7511.10 made on 24th March 2020

On 12th Oct :-

Nifty initially triggered our short trade trade and completed just 1 target and took our TSL. Post that towards the end of session Nifty triggered our long trade but did not complete any target. 

For 13th Oct :-

Sustaining above 18040 enter for 18065 - 18095 - 18180 , SL 18005

Sustaining below 17945 enter for 17920 - 17890 - 17805 , SL 17980

Now for this week :

Nifty has to break and sustain above 17975 - 18020 where it has its initial resistance for a further move towards 18150 - 18185 where it has its next resistance for the week

Nifty has to break and sustain below 17820 - 17770 where it has its initial support for a further move towards 17640 - 17605 where it has its next support for the week

So far this week Nifty made a new life time high of 18041.95 breaking above our initial targets but did not close above 18020 for a further upmove towards our next targets of 18150 - 18185. Now in the coming session Nifty has immediate support at 17870 - 17830 which it needs to hold  incase of a dip for a bounce back else breaking below it we can see a further dip towards 17770 - 17730 . Nifty needs to break and sustain above 18050 now to make a move towards 18150 - 18185 which is our next weekly targets on the upside . 

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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.