Nifty Outlook for 10th Jan

 In the previous session:

Nifty went up by 281 points before closing higher by 241 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 09th Jan:

Nifty triggered our long trade with a gap up above our 2nd target and completed all targets. Had shared revised levels on telegram to adjust the gap up and we got a long trade and completed all targets doing 110 points as per the revised levels too

For 10th Jan:

Sustaining above 18150 enter for 18175 - 18210 - 18300, SL 18115

Sustaining below 18050 enter for 18025 - 17990 - 17900, SL 18085

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.

So far this week Nifty broke and sustained above our weekly resistance zone of 17920 - 17960 and almost reached our last weekly long targets of 18180 - 18280 with a high of 18141.40 and closed at 18101.20

Now in the coming session Nifty sustaining above 18090 can move towards 18180 - 18280. On the downside breaking and sustaining below 18050 Nifty can move towards 17960 - 17920.

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: 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.