In the previous session :
Nifty went up by 23 points then went down by 150 points before closing lower by 110 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 16th Nov :-
Nifty triggered our short trade and nearly completed all targets doing 100+ points.
For 17th Nov :-
Sustaining above 18045 enter for 18070 - 18105 - 18185 , SL 18010
Now for this week :
Nifty has to break and sustain above 18185 - 18240 where it has its initial resistance for a further move towards 18380 - 18420 where it has its next resistance for the week
Nifty has to break and sustain below 18020 - 17965 where it has its initial support for a further move towards 17825 - 17785 where it has its next support for the week
So far this week we saw Nifty make a high of 18210.15 testing our initial weekly resistance zone and reverse to make a low of 17958.80 today testing our initial weekly support zone. Now in the coming session Nifty breaking and sustaining below 17965 can dip towards 17825 - 17785 whre it has its next support and Nifty has to break and sustain above 18045 for a move back towards 18185 - 18240 where it has its immediate resistance.
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment