In the previous session :
Nifty went up by 106 points then went down by 129 points before closing lower by 22 points on Wednesday 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 23rd Sep :
Nifty opened near our 2nd long target and did not give a chance to trade. Later Nifty triggered our short trade and completed 2 targets doing 70 points.
For24th Sep :
Sustaining above 11170 enter for 11190 - 11220 - 11285 , SL 11140
Sustaining below 11095 enter for 11075 - 11045 - 10975 , SL 11120
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 11024.40 .
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 .
As long as Nifty closes below 11165 doors are open for a correction towards 11000 and below it till 10870 levels .
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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