In the previous session:
Nifty went up by 26 points then went down by 160 points before closing lower by 145 points on Friday
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 16th Dec:
Nifty triggered our short trade and almost completed all targets doing 120 points.
For 19th Dec:
Sustaining above 18310 enter for 18335 - 18360 - 18440, SL 18280
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18335 - 18375 to move towards initial long targets of 18485 - 18515.
Closing above 18515 Nifty may move towards next long targets of 18610 - 18715
On the downside:
Nifty has to sustain and close below its immediate support at 18205 - 18165 to move towards initial short targets of 18050 - 18020.
Closing below 18020 Nifty may move towards next targets of 17930 - 17820.
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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