In the previous session :
Nifty went up by 88 points then went down by 220 points before closing lower by 205 points on Friday.
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 03rd Dec :-
Nifty triggered our long trade and took our Stoploss . Post that Nifty reversed to trigger our short trade and completed 2 targets doing 140 points.
For 06th Dec :-
Sustaining above 17270 enter for 17330 - 17390 - 17540 , SL 17220
Now for this week :
Nifty has to break and sustain above 17330 - 17420 where it has its initial resistance for a further move towards 17640 - 17710 where it has its next resistance for the week
Nifty has to break and sustain below 17060 - 16980 where it has its initial support for a further move towards 16750 - 16690 where it has its next support for the week
Nifty has to reclaim 17720 on closing basis for some signs of strength .
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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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