In the previous session :
Nifty went up by 83 points then went down by 163 points before closing lower by 69 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 24th Dec :-
Nifty triggered our long trade and took our SL . Nifty then reversed to trigger our short trade and completed 2 targets doing 90 points
For 25th Dec :-
Sustaining above 17070 enter for 17115 - 17165 - 17290 , SL 17025
Now for this week :
Nifty has to break and sustain above 17115 - 17185 where it has its initial resistance for a further move towards 17375 - 17425 where it has its next resistance for the week
Nifty has to break and sustain below 16890 - 16820 where it has its initial support for a further move towards 16630 - 16590 where it has its next support for the week
Nifty has to reclaim 17460 on closing basis now to indicate strength .
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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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