In the previous session :
Nifty went up by 159 points then went down by 41 points before closing higher by 66 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 07th Jan :-
Nifty triggered our long trade and completed 2 targets and more doing 110 points.
For 10th Jan :-
Sustaining above 17860 enter for 17891 - 17925 - 18020 , SL 17825
Now for this week :
Nifty has to break and sustain above 17895 - 17945 where it has its initial resistance for a further move towards 18075 - 18115 where it has its next resistance for the week
Nifty has to break and sustain below 17735 - 17685 where it has its initial support for a further move towards 17545 - 17510 where it has its next support for the week
As mentioned previously "Nifty has to give a consecutive close above 17540 to expect a further bounce " , and Nifty has given a consecutive close above it and almost completed the move towards 17900 - 18000 with a high of 17944.70 . This move can go towards 18050 - 18150 next but some correction can be seen due to profit booking.
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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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