Nifty Outlook for 15th Dec

  In the previous session :

Nifty went down by 142 points then went up by 8 points before closing lower by 43 points on Tuesday.

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 14th Dec :-

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

For 15th Dec :-

Sustaining above 17400 enter for 17450 - 17500 - 17640 , SL 17350

Sustaining below 17250 enter for 17200 - 17150 - 17010 , SL 17300

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 17225.80 breaking below our initial weekly support zone but managed to close 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 17400 to make a move towards 17550 - 17650 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.