In the previous session :
Nifty went up by 121 points before closing higher by 103 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 29th Mar :-
Nifty triggered our long trade and completed 1 target doing 40 points
For 30th Mar :-
Sustaining above 17380 enter for 17415 - 17450 - 17555 , SL 17340
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 to make a high of 17343.65 today and closed at 17325.30. Now in the coming session Nifty has immediate resistance at 17275 - 17355 which it needs to cross and sustain / close above for further move towards 17565 - 17620 . On the downside Nifty immediate support at 17235 - 17200 now .
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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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