In the previous session :
Nifty went up by 200 points before closing higher by 184 points on Wednesday.
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 22nd Dec :-
Nifty triggered our long trade and nearly completed all targets by doing 140 points
For 23rd Dec :-
Sustaining above 17020 enter for 17060 - 17110 - 17230 , SL 16975
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
So far this week Nifty made a low of 16410.20 breaking below of next weekly support zone and today made a high of 16971 on breaking and sustaining above 16880 and closed at 16955.45. Now in the coming sessions Nifty breaking and sustaining above 16880 can move towards 17090 - 17160 where it has a stronger resistance . On the downside Nifty has immediate support at 16810 and breaking and sustaining below it can move down towards 16640 - 16590 again
Nifty has to reclaim 17460 on closing basis now to indicate strength .
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