Nifty Outlook for 14th Dec

  In the previous session:

Nifty went down by 7 points then went up by 120 points before closing higher by 110.85 points on Tuesday

Nifty made a new lifetime high of 18887.60 on 01st Dec 2022 from the lows of 7511.10 made on 24th March 2020

On 13th Dec:

Nifty triggered our long trade and completed almost all targets doing 80+ points 

For 14th Dec:

Sustaining above 18635 enter for 18655 - 18675 - 18730, SL 18615

Sustaining below 18580 enter for 18560 - 18540 - 18490, SL 18600

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 18550 - 18580 to move towards initial long targets of 18670 - 18695. 

Closing above 18695 Nifty may move towards next long targets of 18770 - 18850

On the downside:

Nifty has to sustain and close below its immediate support at 18445 - 18410 to move towards initial short targets of 18320 - 18300. 

Closing below 18300 Nifty may move towards next targets of 18225 - 18140.

So far this week Nifty made a low of 18345.70 almost reaching our initial weekly short target zone of 18320 - 18300 and bounced back to make a high of 18617.25 breaking above our weekly resistance zone of 18550 - 18580 and closed at 18608

Now in the coming session Nifty sustaining above 18550 - 18580 can move towards 18670 - 18695 and sustaining above 18695 can move towards its last weekly long target zone of 18770 - 18850 too. On the upside Nifty has immediate support at 18450 - 18410 zone which it needs to break and sustain to head lower towards 18320 - 18300.

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.