In the previous session:
Nifty went down by 35 points then went up by 82 points before closing higher by 64 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 04th Nov:
Nifty triggered our long trade and completed almost 2 targets doing 45 points.
For 07th Nov:
Sustaining above 18155 enter for 18175 - 18210 - 18275, SL 18125
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18180 - 18220 to move towards initial long targets of 18320 - 18350.
Closing above 18350 Nifty may move towards next long targets of 18430 - 18530
On the downside:
Nifty has to sustain and close below its immediate support at 18060 - 18020 to move towards initial short targets of 17915 - 17880.
Closing below 17880 Nifty may move towards next targets of 17800 - 17700.
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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