In the previous session :
Nifty went down by 50 points then went up by 142 points before closing higher by 131 points on Tuesday.
Nifty made a new life time high of 17947.65 in this upmove from the lows of 7511.10 made on 24th March 2020
On 05th Sep :-
Nifty triggered our short trade and took our SL. Post that Nifty triggered our long trade and completed 2 targets and more doing 90 points .
For 06th Oct :-
Sustaining above 17870 enter for 17900 - 17935 - 18025 , SL 17835
Now for this week :
Nifty has to break and sustain above 17610 - 17655 where it has its initial resistance for a further move towards 17780 - 17815 where it has its next resistance for the week
Nifty has to break and sustain below 17455 - 17410 where it has its initial support for a further move towards 17285 - 17250 where it has its next support for the week
So far this week Nifty made a high 17833.45 breaking above our next target zone of 17780 - 17815 and also closed marginally above it . Now in the coming session Nifty on sustaining above 17815 can move towards 17925 - 18050 to attempt a new all time high. On breaking and sustaining below 17710 we may see a further correction towards 17665 - 17625 zone .
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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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