In the previous session :
Nifty went up by 205 points before closing higher by 138 points on Monday.
Nifty made a new life time high of 18543.15 in this upmove from the lows of 7511.10 made on 24th March 2020
On 18th Oct :-
Nifty opened near our last long target for the day and did not give a chance to enter.
For 19th Oct :-
Sustaining above 18520 enter for 18545 - 18575 - 18650 , SL 18490
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
So far this week Nifty has made a high of 18543.15 nearly testing our next weekly targets and closed above our initial targets. Now Nifty needs to sustain above 18405 - 18380 on dips for a bounce and breaking and sustaining below 18380 we may see a dip towards 18300 - 18270 where it has its next support.
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