Nifty Outlook for 19th Jan

 In the previous session :

Nifty went up by 42 points then went down by 222 points before closing lower by 195 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 18th Jan :-

Nifty triggered our short trade and completed all targets and more doing 175 points  . 

For 19th Jan :-

Sustaining above 18160 enter for 18190 - 18225 - 18315 , SL 18125

Sustaining below 18065 enter for 18035 - 18000 - 17910 , SL 18100

Now for this week :

Nifty has to break and sustain above 18325 - 18370 where it has its initial resistance to move towards next targets of 18485 - 18515 where it has next resistance for the week

Nifty has to break and sustain below 18185 - 18145 where it has its initial support to move towards next targets of 18025 - 17995 where it has its next support for the week

So far this week Nifty made a high of 18350.95 taking resistance at 18325 - 18370 zone and reversed to make a low of 18085.90 breaking below our initial support zone and also closed below it . Now in the coming session Nifty sustaining below 18185 can move towards it next lower targets of 18025 - 17995 whereas breaking and sustaining above 18185 Nifty can move again towards 18250 - 18300 levels .

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 18350.95 for the month . Now it has immediate support at 18100 - 18000 and immediate resistance at 18300 - 18400 .

Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .

Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .                              

To receive this post daily in your inbox, kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

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.