In the previous session :
Nifty went down by 17 points then went up by 253 points before closing higher by 235 points on Thursday.
Nifty made a new life time high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 02nd Dec :-
Nifty triggered our long trade and completed 2 targets and more doing 175+ points.
For 03rd Dec :-
Sustaining above 17470 enter for 17540 - 17610 - 17690 , SL 17430
Now for this week :
Nifty has to break and sustain above 17145 - 17215 where it has its initial resistance for a further move towards 17415 - 17465 where it has its next resistance for the week
Nifty has to break and sustain below 16910 - 16840 where it has its initial support for a further move towards 16640 - 16590 where it has its next support for the week
So far this week Nifty has made a low of 16782.40 breaking below our initial weekly support and bounced back till 17420.35 in todays session and closed at 17400 . Now in the coming session Nifty has immediate support at 17300 which it needs to hold on dips else we may see a further dip towards 17200 - 17100. On the upside Nifty has immediate resistance at 17600 and it needs to break and sustain above it for a move till 17700 - 17800.
Nifty has to reclaim 17720 on closing basis for some signs of strength .
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