In the previous session :
Nifty went up by 205 points before closing higher by 170 points on Wednesday.
Nifty made a new life time high of 18197.80 in this upmove from the lows of 7511.10 made on 24th March 2020
On 13th Oct :-
Nifty initially triggered our short trade trade and completed all targets doing 130 points.
For 14th Oct :-
Sustaining above 18205 enter for 18235 - 18265 - 18350 , SL 18175
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 18197.80 breaking above our next weekly targets and closed within it . Now in the coming session Nifty has immediate support at 18100 - 18060 which it needs to hold incase of a dip for a bounce back else breaking below it we can see a further dip towards 17975 - 17935 . Nifty needs to break and sustain above 18185 now to make a move towards 18270 - 18360 which is our last 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.
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