Nifty Outlook for 15th Dec

 In the previous session:

Nifty went up by 88 points before closing higher by 52 points on Wednesday

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 14th Dec:

Nifty opened near our 2nd long target and did not give a chance to trade. Had shared revised level on telegram and Nifty traded sideways between our long and short trigger levels. 

For 15th Dec:

Sustaining above 18690 enter for 18705 - 18730 - 18780, SL 18670

Sustaining below 18630 enter for 18615 - 18590 - 18540, SL 18650

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 18696.10 completing our initial weekly long targets of 18670 - 18695 and closed at 18660.30. 

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

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.