In the previous session :
Nifty went down by 149 points then went up by 82 points before closing higher by 69 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 28th Mar :-
Nifty triggered our short trade and completed 1 target and more doing 70 points and took our TSL.
For 29th Mar :-
Sustaining above 17295 enter for 17335 - 17390 - 17525 , SL 17245
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 .
So far this week Nifty made a low of 17003.90 testing our initial support zone of 17030 - 16950 and bounced back to close at 17222. Now in the coming session Nifty has immediate resistance at 17275 - 17355 which it needs to cross and sustain / close above for further upmove this week. On the downside Nifty immediate support at 17030 - 16950 for this week.
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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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