In the previous session :
Nifty went up by 73 points then went down by 90 points before closing higher by 47 points on Thurssday.
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 09th Dec :-
Nifty traded between our long and short trigger zone indicating indecisiveness.
For 10th Dec :-
Sustaining above 17595 enter for 17640 - 17695 - 17840 , SL 17540
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
So far this week Nifty has made a low of 16891.70 breaking below our initial support and today bounced back till 17543.25 breaking above our initial weekly resistance zone and closed well above it . Now in the coming session Nifty sustaining above 17420 can move towards 17640 - 17710 next . Nifty has immediate support at 17420 - 17330 on dips holding which it can bounce back and breaking below it can correct further towards 17260 - 17230 zone .
Nifty has to reclaim 17720 on closing basis for some signs of strength .
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