Nifty Outlook for 11th Nov

 In the previous session:

Nifty went down by 187 points before closing lower by 129 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 10th Nov:

Nifty opened big a gap down near our last short target and did not give a trade. Had shared revised levels on telegram based on which we got a short trade which and did just 1 target. 

For 11th Nov:

Sustaining above 18070 enter for 18090 - 18120 - 18190, SL 18040

Sustaining below 17990 enter for 17965 - 17935 - 17860, SL 18015

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 today went down till 17969.40 breaking below our weekly support zone of 18060 - 18020 and closed at 18028.20

Now in the coming session Nifty has immediate resistance at 18180 - 18220 zone on the upside. On the downside Nifty breaking and sustaining below 18020 can dip 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.