Wishing everyone a very happy, safe , healthy and prosperous 2022
In the previous session :
Nifty went up by 197 points before closing higher by 150 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 31st Dec :-
Nifty traded triggered our long trade and completed 2 targets and more doing 130 points.
For 03rd Jan :-
Sustaining above 17445 enter for 17500 - 17565 - 17735 , SL 17380
Now for this week :
Nifty has to break and sustain above 17470 - 17540 where it has its initial resistance for a further move towards 17735 - 17785 where it has its next resistance for the week
Nifty has to break and sustain below 17240 - 17170 where it has its initial support for a further move towards 16970 - 16920 where it has its next support for the week
Nifty has to give a consecutive close above 17540 to expect a further bounce .
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
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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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