In the previous session:
Nifty went up by 49 points then went down by 38 points before closing lower by 20 points on Monday
Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 14th Nov:
Nifty traded sideways the entire day between our long and short trigger zone.
For 15th Nov:
Sustaining above 18400 enter for 18420 - 18450 - 18530, SL 18355
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.
So far Nifty has made a high of 18399.45 and a low of 18311.40 and has been trading sideways.
Now in the coming session Nifty has immediate resistance at 18440 - 18490 and has to break and sustain above it for a further upmove. On the downside Nifty has immediate support at 18260 - 18210 which it needs to break and sustain below for a further correction.
In case of a gap up beyond the first target then for fresh updated levels intraday follow the telegram channel "simplytradestocks".
Join our Telegram Channel "simplytradestocks" for live index & stock trading ideas during market hours.
To receive this post daily in your inbox, kindly register by adding your email id in the 'Subscribe to my posts' section on the top right side of the blog.
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.
No comments:
Post a Comment