Nifty Outlook for 27th Dec

 In the previous session:

Nifty went down by 32 points then went up by 277 points before closing higher by 207 points on Monday

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 26th Dec:

Nifty triggered our long trade and completed all targets doing 200 points.

For 27th Dec:

Sustaining above 18080 enter for 18115 - 18165 - 18280, SL 18035

Sustaining below 17950 enter for 17915 - 17865 - 17750, SL 17995

In the Previous Week: 

Nifty triggered our weekly short trade on closing below 18165 and completed all weekly short targets till 17820 and exceeded it with a low of 17779.50

Now for this week:

On the upside:

Nifty has to sustain and close above its immediate resistance at 17900 - 17960 to move towards initial long targets of 18115 - 18160. 

Closing above 18160 Nifty may move towards next long targets of 18290 - 18440

On the downside:

Nifty has to sustain and close below its immediate support at 17715 - 17650 to move towards initial short targets of 17500 - 17450. 

Closing below 17450 Nifty may move towards next targets of 17320 - 17170.

So far this week Nifty made a high of 18084.10 breaking above our weekly resistance zone of 17900 - 17960 and closed at 18014.60.

Now in the coming session Nifty sustaining above 17960 can move towards its initial weekly long targets of 18115 - 18160. On the downside Nifty has immediate support at 17900 and breaking and sustaining below it can move towards its weekly support zone at 17715 - 17650.

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Disclaimer: I am not SEBI registered and these are my personal views and one should do their own research or consult a financial advisor 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.