In the previous session :
Nifty went down by 36 points then went up by 175 points before closing higher by 142 points on Thurssday.
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 10th Feb :-
Nifty triggered our long trade and competed 2 targets doing 100 points.
For 11th Feb :-
Sustaining above 17680 enter for 17725 - 17780 - 17920 , SL 17630
Now for this week :
Nifty has to break and sustain above 17660 - 17750 where it has its initial resistance to move towards next targets of 17990 - 18060 . Sustaining or closing above 18060 Nifty may move towards further targets of 18265 - 18500.
Nifty has to break and sustain below 17375 - 17285 where it has its initial support to move towards next targets of 17040 - 16970 . Sustaining or closing below 16970 Nifty may move towards further targets of 16770 - 16540 .
So far this week Nifty made a low of 17043.65 nearly testing our next weekly support zone of 17040 - 16970 and today bounced back to close at 17605.85 after making a high of 17639.45 . Now in the coming session Nifty has immediate resistance at 17660 - 17750 and needs to break and sustain above it for a further move. Nifty has immediate support now at 17430 - 17370 and needs to hold it on a correction to bounce back else on breaking and sustaining below it next support comes at 17280 - 17150.
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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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