Nifty Outlook for 30th Sep

 In the previous session:

Nifty went up by 167 points then went down by 70 points before closing lower by 40 points on Thursday

Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020

On 29th Sep:

Nifty triggered our long trade with a gap up above our 2nd target and did not give a trade. We had posted revised levels to adjust the gap up on the telegram channel which gave a short trade.

 

For 30th Sep:

Sustaining above 16875 enter for 16910 - 16950 - 17060, SL 16835

Sustaining below 16760 enter for 16725 - 16685 - 16575, SL 16800

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.

So far this week Nifty made a low of 16788.60 nearing our last weekly short targets of 16770 - 16600 and closed at 16818.10. 

Now in the coming session Nifty sustaining below 16920 can move towards its last weekly short targets of 16770 - 16600. On the upside Nifty has to break and sustain above 16970 to move towards 17050 - 17150 where it has good resistance.

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.