Wednesday 30 December 2020

Nifty Spot Outlook for 31st Dec

 In the previous session : 


Nifty went up by 64 points then went down by 67 points  before closing higher by 49 points on Wednesday as compared to the previous day's close. 







Nifty  made a new life time high of 13997.00 in this upmove from the levels of  7511.10  . 


On 30th Dec :

Nifty traded between our long and short trigger zone indicating indecisiveness.

For 31st Dec :
 
Sustaining above 14050 enter for 14090 - 14140 - 14260 , SL 14000


Sustaining below 13915 enter for 13875 - 13825 - 13695 , SL 13960


 

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 . 

Nifty has made a high of 13997 and closed above 13925 indicating a further move towards 14105 - 14155 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"



Join our Telegram Channel "simplytradestocks" for live stock trading ideas during market hours                                      



To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.



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.

No comments:

Post a Comment