In the previous session:
Nifty went up by 334 points before closing higher by 321 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 11th Nov:
Nifty opened big a gap up above all our long targets and did not give a trade. Had shared revised levels on telegram based on which we got a long trade which caompleted 2 targets doing 50 points.
For 14th Nov:
Sustaining above 18410 enter for 18435 - 18480 - 18570, SL 18365
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18440 - 18490 to move towards initial long targets of 18640 - 18680.
Closing above 18680 Nifty may move towards next long targets of 18810 - 18950
On the downside:
Nifty has to sustain and close below its immediate support at 18260 - 18210 to move towards initial short targets of 18060 - 18020.
Closing below 18020 Nifty may move towards next targets of 17890 - 17750.
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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