Nifty Outlook for 10th Mar

 In the previous session :

Nifty went down by 23 points then went up by 404 points before closing higher by 332 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 09th Mar :-

Nifty initially triggered our long trade and completed 2 targets and more doing 250+ points as per levels posted on telegram due to some issue with the blog . 

For 10th Mar :-

Sustaining above 16485 enter for 16565 - 16665 - 16920 , SL 16385

Sustaining below 16205 enter for 16125 - 16065 - 15765 , SL 16305

Now for this week :

On the upside :-

Nifty has to break and sustain above 16435 - 16550 where it has its initial resistance to move towards next targets of 16875 - 16960 . 

Sustaining or closing above 16960 Nifty may move towards further targets of 17235 - 17545

On the downside :-

Nifty has to break and sustain below 16055 - 15935 where it has its initial support to move towards next targets of 15615 - 15530 .

Sustaining or closing below 15530 Nifty may move towards further targets of 15255 - 14950 .

So far this week Nifty made a low of 15671.45 almost testing our next target zone of 15615 - 15530 and bounced back till 16418.05 today . 

Now in the coming sessions Nifty has immediate resistance at 16435 - 16550 zone and it has to break and sustain / close above it for further gains . On the downside now the immediate support is at 16055 - 15935 and breaking and sustaining / closing below it we may see the correction resume.

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

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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.