In the previous session :
Nifty went up by 163 points then went down by 3 points before closing higher by 36 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 26th Aug :-
Nifty triggered our long trade with a gap up opening above our 1st target and moved up further by 60 points
For 29th Aug :-
Sustaining above 17610 enter for 17640 - 17680 - 17770 , SL 17575
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 .
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.
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