In the previous session:
Nifty went up by 55 points then went down by 196 points before closing lower by 132 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 06th Jan:
Nifty triggered our short trade and completed all targets doing 140 points
For 09th Jan:
Sustaining above 17900 enter for 17920 - 17950 - 18020, SL 17870
In the Previous Week:
Nifty triggered our weekly short trade on closing below 17950 and almost completed our initial targets till 17790 - 17750 with a low of 17795.55
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 17920 - 17960 to move towards initial long targets of 18060 - 18090.
Closing above 18090 Nifty may move towards next long targets of 18180 - 18280
On the downside:
Nifty has to sustain and close below its immediate support at 17800 - 17760 to move towards initial short targets of 17660 - 17630.
Closing below 17630 Nifty may move towards next targets of 17540 - 17440.
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: 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.
No comments:
Post a Comment