In the previous session:
Nifty went up by 50 points then went down by 134 points before closing lower by 36 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 18th Nov:
Nifty triggered our short trade and completed 2 targets and more doing 85 points.
For 21st Nov:
Sustaining above 18355 enter for 18385 - 18420 - 18510, SL 18320
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18385 - 18435 to move towards initial long targets of 18565 - 18600.
Closing above 18600 Nifty may move towards next long targets of 18715 - 18840
On the downside:
Nifty has to sustain and close below its immediate support at 18230 - 18180 to move towards initial short targets of 18050 - 18015.
Closing below 18015 Nifty may move towards next targets of 17900 - 17780.
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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