In the previous session :
Nifty went down by 111 points then went up by 17 points before closing lower by 5 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 10th Dec :-
Nifty triggered our short trade and took out stoploss.
For 13th Dec :-
Sustaining above 17590 enter for 17635 - 17690 - 17830 , SL 17535
Now for this week :
Nifty has to break and sustain above 17635 - 17715 where it has its initial resistance for a further move towards 17930 - 17985 where it has its next resistance for the week
Nifty has to break and sustain below 17385 - 17305 where it has its initial support for a further move towards 17090 - 17030 where it has its next support for the week
Nifty has to reclaim 17720 on closing basis for indicate strength for a move towards 18000 again .
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment