In the previous session:
Nifty went down by 299 points then went up by 21 points before closing lower by 66 points on Wednesday
Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 14th Sep:
Nifty triggered our short trade with a big gap down below our last target giving no chance to trade. Had posted revised levels based on gap down on the telegram channel which gave us a long trade and 150+ points.
For 15th Sep:
Sustaining above 18035 enter for 18055 - 18075 - 18135, SL 18015
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 low of 17771.15 and bounced back to make a high of 18091.55 and closed at 18003.75.Now in the coming session Nifty has to sustain above 18040 to move towards 18250 - 18310. On the downside Nifty breaking and sustaining below 17960 can move towards 17900 - 17850 zone.
In case 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