In the previous session:
Nifty went up by 102 points then went down by 13 points before closing higher by 50 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 28th Oct:
Nifty triggered our long trade and completed 2 targets and more doing 50 points and then took our TSL.
For 31st Oct:
Sustaining above 17815 enter for 17835 - 17855 - 17910, SL 17795
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17840 - 17870 to move towards initial long targets of 17940 - 17970.
Closing above 17970 Nifty may move towards next long targets of 18030 - 18100
On the downside:
Nifty has to sustain and close below its immediate support at 17740 - 17710 to move towards initial short targets of 17630 - 17610.
Closing below 17610 Nifty may move towards next targets of 17550 - 17470.
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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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