Nifty Outlook for 23rd Mar

 In the previous session :

Nifty went down by 111 points then went up by 216 points before closing higher by 197 points on Tuesday.

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 22nd Mar :-

Nifty initially triggered our short trade took our stoploss . Post that Nifty reversed to trigger our long trade and completed 2 target and more doing 130+ points. 

For 23rd Mar :-

Sustaining above 17395 enter for 17440 - 17495 - 17645 , SL 17340

Sustaining below 17235 enter for 17190 - 17135 - 16985 , SL 17290

Now for this week :

On the upside :

Nifty has to sustain and close above 17445 - 17545 where it has its initial resistance to move towards next targets of 17810 - 17880 . 

Closing above 17880 Nifty may move towards further targets of 18110 - 18360.

On the downside :

Nifty has to sustain and close below 17130 - 17030 where it has its initial support to move towards next targets of 16760 - 16690 . 

Closing below 16690 Nifty may move towards further targets of 16460 - 16200 .

So far this week Nifty made a low of 17006 today breaking our initial weekly support zone and bounced back to close at 17315.50 . Now in the coming session Nifty has immediate resistance at 17445 - 17545 zone which it needs to break and close above for a further move else we can see some selling again from this zone . On the downside Nifty has immediate support at 17230 - 17190 zone and below it at 17130 - 17030 zone.

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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.