Nifty Outlook for 29th Dec

 In the previous session : 

Nifty went up by 136 points  before closing higher by 124 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 13885.30 in this upmove from the levels of  7511.10  . 

On 28th Dec :

Nifty triggered our long trade and did 70 points

For 29th Dec :

 

Sustaining above 13940 enter for 13980 - 14030 - 14150 , SL 13895

Sustaining below 13805 enter for 13765 - 13715 - 13585 , SL 13850

 

Now for this week :

Nifty has immediate resistance at 13855 - 13925 zone and closing above it we may see a further move towards 14105 - 14155 zone 

Nifty has immediate support at 13645 - 13575 zone and closing below it we may see a further move towards 13395 - 13345 zone . 

On Monday Nifty has closed within the weekly resistance zone and it needs to break and sustain above 13925 for a further move towards 14000 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.