In the previous session :
Nifty went down by 24 points then went up by 257 points before closing higher by 240 points on Monday.
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 14th Mar :-
Nifty triggered our long trade and completed 2 targets and more doing 167 points.
For 15th Mar :-
Sustaining above 16965 enter for 17025 - 17090 - 17270 , SL 16900
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 .
So far this week Nifty has made a high of 16887.95 breaking above our initial weekly resistance and closed marginally above it at 16871. Now in the coming session Nifty sustaining above 16865 can move towards 17120 - 17180 . On the downside Nifty has immediate support at 16700 - 16650 on dips which it needs to hold to bounce back again.
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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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