Nifty Outlook for 25th Feb

 In the previous session :

Nifty went down by 860 points before closing lower by 815 points on Thursday.

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 24th Feb :-

Nifty triggered our short trade with a big gap down below our last target and fell further by another 400 points based on Russia invading Ukraine.

For 25th Feb :-

Sustaining above 16375 enter for 16455 - 16545 - 16790 , SL 16285

Sustaining below 16120 enter for 16040 - 15950 - 15710 , SL 16210

Now for this week :

Nifty has to break and sustain above 17450 - 17550 where it has its initial resistance to move towards next targets of 17850 - 17920 . Sustaining or closing above 17920 Nifty may move towards further targets of 18170 - 18440.

Nifty has to break and sustain below 17100 - 17000 where it has its initial support to move towards next targets of 16710 - 16630 . Sustaining or closing below 16630 Nifty may move towards further targets of 16385 - 16110 .

So far this week Nifty made a low of 16203.25 entering our last support and target zone of this week at 16385 - 16110 on breaking and sustaining below 16630 and closed at 16247.95 . Now in the coming session Nifty has to sustain above 16385 for a move towards 16630 - 16710 where it has immediate resistance . On the downside Nifty has its support at 16100 which it needs to hold now for a bounce else we may see a further correction towards 15850 - 15650 . 

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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.