Nifty Outlook for 13th Apr

 In the previous session :

Nifty went down by 232 points before closing lower by 144 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 12th Apr :-

Nifty triggered our short trade and completed 2 target and more doing 140 points. 

For 13th Apr :-

Sustaining above 17600 enter for 17640 - 17690 - 17820 , SL 17550

Sustaining below 17460 enter for 17420 - 17370 - 17240 , SL 17510

Now for this week :

On the upside :

Nifty has to sustain and close above 17890 - 17960 where it has its initial resistance to move towards next targets of 18150 - 18200 . 

Closing above 18200 Nifty may move towards further targets of 18350 - 18450.

On the downside :

Nifty has to sustain and close below 17670 - 17600 where it has its initial support to move towards next targets of 17420 - 17370 . 

Closing below 17370 Nifty may move towards further targets of 17210 - 17120 .

So far this week Nifty made a low of 17442.35 almost testing our next weekly support zone of 17420 - 17370 and closed at 17530.30 . Now in the coming session Nifty has weekly support at 17420 - 17370 which it needs to hold on dips for a bounce back towards 17600 - 17670 where it has its immediate resistance . 

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.