In the previous session :
Nifty went down by 146 points then went up by 20 points before closing lower by 7 points on Monday as compared to the previous day's close.
Nifty made a new life time high of 15431.75 in this upmove from the levels of 7511.10 .
On 22nd Mar :
Nifty initially triggered our short trade and nearly completed all short targets doing 97 points .
For 23rd Mar :
Sustaining above 14785 enter for 14815 - 14850 - 14940 , SL 14750
Sustaining below 14685 enter for 14655 - 14620 - 14530 , SL 14720
Now for this week :
Nifty has immediate resistance at 14825 - 14915 zone and sustaining or closing above it we may see a further move towards 15015 - 15050 zone
Nifty has immediate support at 14665 - 14575 zone and sustaining or closing below it we may see a further move towards 14475 - 14440 zone .
So far Nifty made a low of 14597.85 testing our immediate support and bounced back towards 14750 .
So far this month we have seen a high of 15336.30 but Nifty failed to close above 15290 and we saw a sharp correction of nearly 1000 points till 14350.10 .
Now for those who are expecting a correction again after this bounce should keep a cbsl of 15150 once Nifty breaks above its initial resistance and reaches the next resistance zone for the week.
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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