In the previous session:
Nifty went up by 127 points then went down by 13 points before closing higher by 35 points on Friday
Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 09th Sep:
Nifty triggered our long trade with a gap up above our 2nd target and did not give a chance to enter.
For 12th Sep:
Sustaining above 17910 enter for 17955 - 18010 - 18155, SL 17855
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17960 - 18040 to move towards initial long targets of 18250 - 18310.
Closing above 18310 Nifty may move towards next long targets of 18480 - 18690
On the downside:
Nifty has to sustain and close below its immediate support at 17710 - 17630 to move towards initial short targets of 17420 - 17360.
Closing below 17360 Nifty may move towards next targets of 17180 - 16980.
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.
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