In the previous session:
Nifty went down by 22 points then went up by 102 points before closing higher by 84 points on Tuesday
Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 22nd Nov:
Nifty triggered our long trade and completed almost 2 target doing 50 points.
For 23rd Nov:
Sustaining above 18295 enter for 18325 - 18365 - 18460, SL 18260
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.
So far this week Nifty has made a low of 18133.35 breaking below our weekly support at 18230 - 18180 and bounced back today to close at 18244.20
Now in the coming session Nifty has immediate resistance at 18300 - 18400 zone. On the downside Nifty has immediate support at 18150 - 18100 zone
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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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