In the previous session :
Nifty went down by 164 points before closing higher by 147 points on Tuesday.
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 28th Dec :-
Nifty triggered our long trade and completed 2 targets doing 95 points .
For 29th Dec :-
Sustaining above 17305 enter for 17350 - 17400 - 17540 , SL 17255
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 17250.25 breaking above our initial weekly resistance zone and also closed above it . Now in the coming session Nifty sustaining above 17185 can move further towards 17375 - 17425 zone. Nifty has immediate support at 17115 and only on breaking and sustaining below it we can see a dip towards 17000 - 16900 zone .
Nifty has to reclaim 17460 on closing basis now to indicate strength .
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