Nifty Outlook for 29th Apr

 In the previous session :

Nifty went by 284 points before closing higher by 206 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 28th Apr :-

Nifty triggered our long trade with a gap up and then dipped to give us entry and completed 2 targets and more doing 200 points 

For 29th Apr :-

Sustaining above 17330 enter for 17385 - 17445 - 17610 , SL 17270

Sustaining below 17160 enter for 17105 - 17040 - 16880 , SL 17220

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 17322.50 today before closing at 17245.05 . Now in the coming session Nifty has to immediate resistance at 17290 - 17360 and it needs to close above it for a further move . On the downside Nifty has immediate support at 17050 - 16980 which it needs to hold .

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.