In the previous session :
Nifty went up by 136 points then went down by 143 points before closing lower by 63 points on Friday.
Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 22nd Oct :-
Nifty initially triggered our long trade and completed 2 targets and more doing 90 points and took our TSL. Post that Nifty reversed to trigger our short trade and again completed 2 targets and more doing 90 points indicating indecisiveness.
For 25th Oct :-
Sustaining above 18160 enter for 18185 - 18220 - 18300 , SL 18130
Now for this week :
Nifty has to break and sustain above 18185 - 18230 where it has its initial resistance for a further move towards 18350 - 18380 where it has its next resistance for the week
Nifty has to break and sustain below 18045 - 18000 where it has its initial support for a further move towards 17880 - 17850 where it has its next support for the week
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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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