In the previous session :
Nifty went up by 51 points then went down by 166 points before closing lower by 97 points on Tuesday as compared to the previous day's close.
Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now .
On 22nd Sep :
Nifty triggered our long trade at opening and took our stoploss. Post that Nifty triggered our short trade and nearly completed all targets doing 120 points.
For23rd Sep :
Sustaining above 11200 enter for 11225 - 11255 - 11340 , SL 11170
Sustaining below 11110 enter for 11080 - 11050 - 10970 , SL 11140
As mentioned in the previous post " Now the next support is at 11165 - 11150 and sustaining / closing below it we can see a further fall towards 11075 - 11000 levels" , and today we saw a low of 11084.65 .
For this week now Nifty has immediate resistance at 11255 - 11325 zone and closing above it we may see a further move towards 11425 - 11455 zone .
Today Nifty closed below 11165 which opens doors for a correction towards 11000 and below it till 10870 levels unless we get a close above 11325 for a further move towards the next resistance.
Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on 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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