In the previous session :
Nifty went down by 26 points then went up by 185 points before closing higher by 143 points on Tuesday.
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 26th Oct :-
Nifty triggered our long trade and completed all targets doing 140 points.
For 27th Oct :-
Sustaining above 18315 enter for 18340 - 18375 - 18460 , SL 18280
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
So far this week Nifty made a high of 18310.45 breaking above our initial weekly long targets and closed well above it today after breaking below our initial weekly shorts targets in the previous session . Now in the coming session Nifty has to hold above 18160 on dips and sustain above 18230 for a further move towards 18350 - 18380 , whereas breaking and sustaining below 18160 we may see a move towards 18120 - 18075 on the downside.
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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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