Nifty Outlook for 01st Apr

  In the previous session :

Nifty went up by 61 points then went down by 63 points before closing lower by 33 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 31st Mar :-

Nifty triggered our long trade and took our stoploss . Post that Nifty reversed to trigger our short trade and again took our stoploss indicating indecisiveness. 

For 01st Apr :-

Sustaining above 17510 enter for 17535 - 17570 - 17650 , SL 17480

Sustaining below 17420 enter for 17395 - 17360 - 17280 , SL 17450

Now for this week :

On the upside :

Nifty has to sustain and close above 17275 - 17355 where it has its initial resistance to move towards next targets of 17565 - 17620 . 

Closing above 17620 Nifty may move towards further targets of 17800 - 18000.

On the downside :

Nifty has to sustain and close below 17030 - 16950 where it has its initial support to move towards next targets of 16740 - 16690 . 

Closing below 16690 Nifty may move towards further targets of 16510 - 16310 .

So far this week Nifty made a low of 17003.90 testing our initial support zone of 17030 - 16950 and bounced to make a high of 17559.80 today and closed at 17464.75. Now in the coming session Nifty has immediate resistance at 17565 - 17620 which it needs to cross and sustain / close above for further move towards 17800 - 18000 and failing to sustain / close above we may see a small correction due to profit booking . On the downside Nifty immediate support at 17275 - 17355 now . 

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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.