In the previous session :
Nifty went up by 50 points then went down by 282 points before closing lower by 263 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 17th Dec :-
Nifty triggered our short trade and completed all targets doing 200 points .
For 20th Dec :-
Sustaining above 17050 enter for 17090 - 17140 - 17250 , SL 17005
Now for this week :
Nifty has to break and sustain above 17090 - 17160 where it has its initial resistance for a further move towards 17335 - 17380 where it has its next resistance for the week
Nifty has to break and sustain below 16880 - 16810 where it has its initial support for a further move towards 16640 - 16590 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 .
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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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