In the previous session:
Nifty went down by 380 points before closing lower by 346 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 16th Sep:
Nifty triggered our short trade and completed all targets and more falling 300+ points
For 19th Sep:
Sustaining above 17590 enter for 17620 - 17660 - 17770, SL 17550
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17630 - 17680 to move towards initial long targets of 17840 - 17880.
Closing above 17880 Nifty may move towards next long targets of 18010 - 18160
On the downside:
Nifty has to sustain and close below its immediate support at 17440 - 17380 to move towards initial short targets of 17230 - 17180.
Closing below 17180 Nifty may move towards next targets of 17050 - 16900.
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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