In the previous session :
Nifty went up by 92 points then went down by 33 points before closing higher by 15 points on Friday
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 05th Aug :-
Nifty initially triggered our long trade and completed just 1 target doing 30 points and took our TSL. Post that Nifty traded sideways for the remaining session.
For 08th Aug :-
Sustaining above 17450 enter for 17480 - 17520 - 17615 , SL 17415
Now for this week :
On the upside :
Nifty has to sustain and close above its immediate resistance at 17480 - 17540 to move towards initial targets of 17680 - 17720 .
Closing above 17720 Nifty may move towards next targets of 17830 - 17970 .
On the downside :
Nifty has to sustain and close below its immediate support at 17310 - 17260 to move towards initial targets of 17120 - 17080 .
Closing below 17080 Nifty may move towards next targets of 16960 - 16830 .
Incase of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks" .
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours .
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment