In the previous session:
Nifty went up by 12 points then went down by 338 points before closing lower by 302 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 23rd Sep:
Nifty triggered our short trade and completed all targets and more doing 278 points.
For 26th Sep:
Sustaining above 17395 enter for 17435 - 17480 - 17600, SL 17345
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17430 - 17500 to move towards initial long targets of 17680 - 17730.
Closing above 17730 Nifty may move towards next long targets of 17880 - 18050
On the downside:
Nifty has to sustain and close below its immediate support at 17220 - 17150 to move towards initial short targets of 16970 - 16920.
Closing below 16920 Nifty may move towards next targets of 16770 - 16600.
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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