Nifty Outlook for 30th Dec

 In the previous session:

Nifty went down by 130 points then went up by 107 points before closing higher by 68 points on Thursday

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 29th Dec:

Nifty initially triggered our short trade and completed just 1 target and took our trailing stoploss. Post that Nifty reversed to trigger our long trade and again completed only 1 target.

For 30th Dec:

Sustaining above 18255 enter for 18290 - 18335 - 18450, SL 18210

Sustaining below 18130 enter for 18090 - 18050 - 17930, SL 18175

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 18229.70 completing our initial weekly long targets of 18115 - 18160 and closed at 18191

Now in the coming session Nifty sustaining above 18200 can move towards its last weekly long target zone of 18290 - 18440. On the downside Nifty has immediate support zone 18100 - 18050 and breaking and sustaining below it we can see a move towards 17960 - 17900. 

We are at the last trading session for 2022 and looking forward to a profitable trading and investing journey in 2023.

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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.