In the previous session :
Nifty went up by 72 points then went down by 146 points before closing lower by 70 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 25th Mar :-
Nifty triggered our short trade and almost completed 2 targets doing 70 points.
For 28th Mar :-
Sustaining above 17230 enter for 17275 - 17330 - 17470 , SL 17175
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 .
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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