Nifty Outlook for 22nd Apr

In the previous session :

Nifty went up by 278 points before closing higher by 256 points on Thursday.

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 21st Apr :-

Nifty triggered our long trade and completed all targets and more doing 190+ points. 

For 22nd Apr :-

Sustaining above 17465 enter for 17505 - 17555 - 17690 , SL 17415

Sustaining below 17320 enter for 17280 - 17230 - 17100 , SL 17370

Now for this week :

On the upside :

Nifty has to sustain and close above 17590 - 17660 where it has its initial resistance to move towards next targets of 17850 - 17900 . 

Closing above 17900 Nifty may move towards further targets of 18050 - 18250.

On the downside :

Nifty has to sustain and close below 17360 - 17290 where it has its initial support to move towards next targets of 17100 - 17050 . 

Closing below 17050 Nifty may move towards further targets of 16890 - 16700 .

So far this week Nifty made a low of 16824.70 breaking below our next weekly support zone and almost completing our last short targets for the week at 16890 - 16700 and bounced back to make a high of 17414.70 and closed today at 17392.60  . Now in the coming session Nifty has immediate support at 17360 - 17290 zone which it needs to hold for Nifty to move further towards the resistance zone at 17590 - 17660 . 

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.