Nifty Outlook for 28th Dec

 In the previous session :

Nifty went down by 170 points then went up by 108 points before closing higher by 82 points on Monday.

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 27th Dec :-

Nifty triggered our short trade and completed 2 targets doing 100 points  . Post that Nifty reversed to trigger our long trade and completed just 1 target . 

For 28th Dec :-

Sustaining above 17155 enter for 17200 - 17250 - 17380 , SL 17105

Sustaining below 17015 enter for 16975 - 16920 - 16790 , SL 17065

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

So far this week Nifty made a low of 16833.20 testing our initial weekly support zone and bounced back to make a high of 17112.05 nearly testing our initial weekly resistance zone. Now in the coming session Nifty has to break and sustain above 17185 for a further move towards 17375 - 17425 zone whereas taking resistance at 17115 - 17185 zone we may see it again correct back towards 16890 - 16820 zone.

Nifty has to reclaim 17460 on closing basis now to indicate strength .

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.