Sunday 17 October 2021

Nifty Outlook for 18th Oct

 In the previous session :

Nifty went up by 189 points before closing higher by 176 points on Thursday.



Nifty made a new life time high of 18350.75 in this upmove from the lows of 7511.10 made on 24th March 2020


On 14th Oct :-

Nifty triggered our long trade trade with a gap up above our 2nd target and completed all targets moving up by another 90 points. 

For 18th Oct :-

Sustaining above 18380 enter for 18405 - 18435 - 18510 , SL 18350

Sustaining below 18295 enter for 18270 - 18240 - 18165 , SL 18325


Now for this week :

Nifty has to break and sustain above 18405 - 18450 where it has its initial resistance for a further move towards 18560 - 18590 where it has its next resistance for the week

Nifty has to break and sustain below 18270 - 18230 where it has its initial support for a further move towards 18115 - 18085 where it has its next support for the week

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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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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