In the previous session :
Nifty went down by 124 points then went up by 99 points before closing higher by 35 points on Friday.
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 11th Mar :-
Nifty triggered our short trade but did not complete any targets and took our stoploss
For 14th Mar :-
Sustaining above 16720 enter for 16775 - 16840 - 17010 , SL 16660
Now for this week :
On the upside :
Nifty has to break and sustain above 16775 - 16865 where it has its initial resistance to move towards next targets of 17120 - 17180 .
Sustaining or closing above 17180 Nifty may move towards further targets of 17395 - 17630.
On the downside :
Nifty has to break and sustain below 16485 - 16395 where it has its initial support to move towards next targets of 16145 - 16080 .
Sustaining or closing below 16080 Nifty may move towards further targets of 15865 - 15630 .
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.
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