Wishing everyone a very Happy Diwali and a Prosperous New Year
In the previous session :
Nifty went up by 99 points then went down by 131 points before closing lower by 60 points on Wednesday.
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 03rd Nov :-
Nifty triggered our long trade but did not complete any target and took our stoploss. Post that Nifty triggered our short trade and completed just 1 target and took our TSL indicating indecisiveness .
For 04th Nov :-
Sustaining above 17895 enter for 17930 - 17975 - 18095 , SL 17845
Now for this week :
Nifty has to break and sustain above 17750 - 17800 where it has its initial resistance for a further move towards 17935 - 17970 where it has its next resistance for the week
Nifty has to break and sustain below 17595 - 17545 where it has its initial support for a further move towards 17410 - 17375 where it has its next support for the week
So far this week we saw Nifty make a high of 18012.25 completing our next target zone on the long side and reverse to take support at 17750 . Now in the coming session Nifty breaking and sustaining below 17750 can move towards 17670 - 17630 . Nifty has to hold and sustain above 17800 to move back towards 17930 - 17970 .
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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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