In the previous session:
Nifty went up by 152 points before closing higher by 133 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 13th Sep:
Nifty triggered our long trade with a gap up above our 1st target and went up further by 45 points completing our 2nd target.
For 14th Sep:
Sustaining above 18115 enter for 18140 - 18170 - 18250, SL 18085
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.
So far this week Nifty has made a high of 18088.30 breaking above our immediate weekly resistance and closed at 18070.05 Now in the coming session Nifty has to sustain above 18040 to move towards 18250 - 18310. On the downside Nifty breaking and sustaining below 18000 has immediate strong support at 17800 - 17720 zone.
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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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