In the previous session:
Nifty went down by 81 points before closing higher by 23 points on Wednesday
Nifty made a new lifetime high of 18604.45 in this upmove from the lows of 7511.10 made on 24th March 2020
On 23rd Nov:
Nifty triggered our long trade with a gap up at our 1st target and traded sideways the entire session.
For 24th Nov:
Sustaining above 18315 enter for 18345 - 18380 - 18470, SL 18280
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 to make a high of 18325.40 today and closed at 18267.25
Now in the coming session Nifty has immediate resistance at 18330 - 18440 zone. On the downside Nifty breaking and sustaining below 18220 has immediate support at 18150 - 18100 zone
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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