Nifty Outlook for 21st Sep

 In the previous session:

Nifty went up by 297 points before closing higher by 194 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 20th Sep:

Nifty initially triggered our long trade with a gap up above our 2nd target and did not give a trade. 

For 21st Sep:

Sustaining above 17880 enter for 17920 - 17970 - 18080, SL 17835

Sustaining below 17750 enter for 17715 - 17670 - 17550, SL 17795

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.

So far this week Nifty made a low of 17429.70 testing our initial weekly support zone of 17440 - 17380 and bounced back to make a high of 17919.30 completing our initial weekly targets of 17840 - 17880 above 17680.

Now in the coming session Nifty has to sustain and close above 17880 to move towards its next weekly long targets of 18010 - 18160. On the downside Nifty has immediate weekly support now at 17680 - 17630 and has to break and close below it for a move towards 17440 - 17380.

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.