Nifty Outlook for 13th Jan

 In the previous session :

Nifty went up by 172 points before closing higher by 156 points on Wednesday.

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 12th Jan :-

Nifty triggered our long trade with a gap up and completed 2 targets and more doing 100 points.

For 13th Jan :-

Sustaining above 18260 enter for 18290 - 18325 - 18410 , SL 18225

Sustaining below 18165 enter for 18135 - 18100 - 18000 , SL 18200

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 18227.95 breaking above its next weekly resistance zone and closed well above it . Nifty on breaking and sustaining above  18115 we were expecting a move till 18170 - 18250 which got achieved today with the high . Now in the coming session Nifty has to sustain above 18260 for a further move towards the next targets of 18320 - 18360 where we may see some resistance.  On the downside Nifty has immediate support at 18100 - 18000 zone. 

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 made a high of 18227.95 for the month . Now it has immediate support at 18100 - 18000 .

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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.