Nifty Outlook for 27th Apr

 In the previous session :

Nifty went up by 270 points before closing higher by 247 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 26th Apr :-

Nifty triggered our long trade with a gap up above our 2nd long target and went up further almost completing all targets and doing 100 points. 

For 27th Apr :-

Sustaining above 17280 enter for 17330 - 17390 - 17540 , SL 17225

Sustaining below 17120 enter for 17070 - 17010 - 16870 , SL 17180

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.

So far this week Nifty made a low of 16888.70 breaking below our initial weekly support zone and bounced back till 17223.85 before closing today at 17200.80 . Now in the coming session Nifty has immediate resistance at 17290 - 17360 which it needs to break and sustain above for a further move towards 17560 - 17610. On the downside Nifty has immediate support at 17050 - 16980 which it needs to hold else sustaining below it Nifty can move towards 16780 - 16730 .

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 .

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

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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.