In the previous session :
Nifty went down by 42 points then went up by 239 points before closing higher by 206 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 01st Apr :-
Nifty triggered our long trade and completed all targets and more doing 190 points .
For 04th Apr :-
Sustaining above 17710 enter for 17740 - 17770 - 17850 , SL 17680
Now for this week :
On the upside :
Nifty has to sustain and close above 17740 - 17780 where it has its initial resistance to move towards next targets of 17900 - 17930 .
Closing above 17930 Nifty may move towards further targets of 18030 - 18140.
On the downside :
Nifty has to sustain and close below 17600 - 17560 where it has its initial support to move towards next targets of 17440 - 17410 .
Closing below 17410 Nifty may move towards further targets of 17310 - 17200 .
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 strong support at 17300 - 17200 zone which it needs to hold on corrections to continue moving up. Immediate support for Nifty is at 17400.
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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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