In the previous session:
Nifty went up by 37 points then went down by 91 points before closing lower by 80 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 20th Jan:
Nifty triggered our short trade and completed just 1 target doing 30 points
For 23rd Jan:
Sustaining above 18070 enter for 18090 - 18120 - 18190, SL 18040
In the Previous Week:
Nifty triggered our weekly long trade but failed to complete any targets
Now for this week:
On the upside:
Nifty has to sustain and close above its immediate resistance at 18095 - 18135 to move towards its initial long targets of 18245 - 18275.
Closing above 18275 Nifty may move towards next long targets of 18365 - 18470
On the downside:
Nifty has to sustain and close below its immediate support at 17960 - 17920 to move towards initial short targets of 17810 - 17780.
Closing below 17780 Nifty may move towards next targets of 17690 - 17590.
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.
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