In the previous session :
Nifty went down by 243 points before closing lower by 220 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 22nd Apr :-
Nifty triggered our short trade and completed 2 targets and more doing 150+ points.
For 25th Apr :-
Sustaining above 17245 enter for 17285 - 17340 - 17470 , SL 17195
Now for this week :
On the upside :
Nifty has to sustain and close above 17290 - 17360 where it has its initial resistance to move towards next targets of 17560 - 17610 .
Closing above 17610 Nifty may move towards further targets of 17780 - 17970.
On the downside :
Nifty has to sustain and close below 17050 - 16980 where it has its initial support to move towards next targets of 16780 - 16730 .
Closing below 16730 Nifty may move towards further targets of 16570 - 16380.
Overall Nifty has immediate good resistance at 17800 - 17900 zone which it needs to close above for the next move towards 18150 - 18250 zone
Overall Nifty has immediate good support at 17200 - 17000 zone which it needs to hold on corrections else closing below we may see a further move towards 16800 - 16700 .
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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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