Nifty Outlook for 14th Dec

 In the previous session :

Nifty went up by 128 points then went down by 155 points before closing lower by 143 points on Monday.

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 13th Dec :-

Nifty initially triggered our long trade and completed just 1 target and took out trailing stoploss. Post that Nifty triggered our short trade and again completed just 1 target .

For 14th Dec :-

Sustaining above 17450 enter for 17495 - 17550 - 17700 , SL 17390

Sustaining below 17290 enter for 17240 - 17185 - 17040 , SL 17345

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

So far this week Nifty has made a high of 17639.50 touching our initial weekly resistance zone and reversed to make a low of 17335.95 testing our initial weekly support zone and also closed within it. Now in the coming session Nifty breaking and sustaining below 17305 can make a move towards 17090 - 17030 where it has its next immediate weekly support whereas Nifty has to break and sustain above 17385 to make a move towards 17635 - 17715 again where it has strong resistance.

Nifty has to reclaim 17720 on closing basis for indicate strength for a move towards 18000 again . 

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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.