Nifty Outlook for 11th Jan

 In the previous session :

Nifty went up by 205 points before closing higher by 190 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 10th Jan :-

Nifty triggered our long trade and nearly completed all targets more doing 120+ points.

For 11th Jan :-

Sustaining above 18055 enter for 18085 - 18120 - 18215 , SL 18020

Sustaining below 17950 enter for 17920 - 17885 - 17790 , SL 17985

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

So far this week Nifty made a high of 18017.45 breaking above its initial weekly resistance zone and alsoclosed well above it . Now in the coming session sustaining above 17945 Nifty can move towards 18075 - 18115 where it has its next targets and also resistance. On the downside Nifty has immediate support at 17950 - 17890 now and breaking and sustaining below it Nifty can dip towards 17735 - 17635 where it has good support

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 almost completed the move towards 18050 - 18150 with a high of 18017.45 . Can see Nifty take some resistance in the zone of 18050 - 18150 .

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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.