Nifty Outlook for 10th Nov

 In the previous session:

Nifty went up by 93 points then went down by 85 points before closing lower by 45 points on Wednesday

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

On 09th Nov:

Nifty opened big a gap up above our 2nd long target and did not give a trade. Had shared revised levels on telegram based on which we got a short trade which did 2 targets.

For 10th Nov:

Sustaining above 18190 enter for 18210 - 18240 - 18300, SL 18165

Sustaining below 18120 enter for 18100 - 18080 - 18020, SL 18145

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.

So far this week Nifty has made a high of 18296.40 almost reaching our initial weekly long target zone of 18320 - 18350 and close at 18157.

Now in the coming session Nifty has to break and sustain above 18220 for a move towards 18320 - 18350 again. On the downside Nifty has immediate support at 18060 - 18020 and for a further correction it needs to break and sustain below 18020 for a move towards 17915 - 17880.

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.