In the previous session:
Nifty went up by 106 points then went down by 43 points before closing higher by 12 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 21st Oct:
Nifty triggered our long trade and completed 1 target and did 50 points.
For 24th Oct:
Sustaining above 17630 enter for 17660 - 17700 - 17800, SL 17590
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17660 - 17720 to move towards initial long targets of 17860 - 17910.
Closing above 17910 Nifty may move towards next long targets of 18030 - 18170
On the downside:
Nifty has to sustain and close below its immediate support at 17490 - 17430 to move towards initial short targets of 17290 - 17250.
Closing below 17250 Nifty may move towards next targets of 17130 - 16980.
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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