Nifty Outlook for 01st Sep

 In the previous session:

Nifty went up by 465 points before closing higher by 446 points on Tuesday

Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 30th Aug :-

Nifty triggered our long trade with a big gap above our 1st target and went up further by 375 points completing all daily targets and exceeding it. 

For 01st Sep :-

Sustaining above 17840 enter for 17890 - 17950 - 18100, SL 17785

Sustaining below 17680 enter for 17630 - 17570 - 17420, SL 17735

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17640 - 17690 to move towards initial long targets of 17830 - 17870. 

Closing above 17870 Nifty may move towards next long targets of 17985 - 18115

On the downside:

Nifty has to sustain and close below its immediate support at 17475 - 17425 to move towards initial short targets of 17285 - 17250. 

Closing below 17250 Nifty may move towards next targets of 17130 - 17000.

So far this week Nifty has made a low of 17166.20 completing our initial weekly short targets and almost reaching our last target zone of 17130 - 17000 and has post that bounced back to make a high of 17777.65 breaking above its initial resistance zone and closed at 17759.30. Now in the coming session Nifty sustaining above 17690 can move towards 17830 - 17870. On the downside Nifty has immediate support at 17475 - 17425 and has to break and sustain below it for a further dip towards 17285 - 17250. 

In case 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.