In the previous session :
Nifty went up by 163 points before closing higher by 117 points on Thursday.
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 23rd Dec :-
Nifty triggered our long trade and completed 2 targets by doing nearly 100 points
For 24th Dec :-
Sustaining above 17140 enter for 17185 - 17235 - 17360 , SL 17095
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 17118.65 testing our initial weekly resistance zone and closed at 17072.60. Now in the coming sessions Nifty has to break and sustain above 17160 for a further move towards 17335 - 17380 and failing to do so we may see it break below 17000 and move towards 16900 - 16800 where it has its immediate support .
Nifty has to reclaim 17460 on closing basis now to indicate strength .
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